Fox News contributor and economics professor Brian Brenberg weighed in November ADP and why it be a bellwether for a nasty start to the new year.
Fox News contributor and The King's College economics professor Brian Brenberg reacts to November's ADP report.
After November private payroll job growth came in much lower than expected Wednesday morning, Fox News contributor and The King’s College economics professor Brian Brenberg warned the latest ADP report could signal a brewing "storm."" panel. "I expected to see more of this after the new year, especially when you've got Christmas season here.", according to the ADP National Employment Report.
"Turning points can be hard to capture in the labor market, but our data suggest that Federal Reserve tightening is having an impact on job creation and pay gains," ADP chief economist Nela Richardson stated in a press release. "In addition, companies are no longer in hyper-replacement mode. Fewer people are quitting and the post-pandemic recovery is stabilizing."
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