Jul 6, 2017

Private sector hiring slows in June

Dan Primack, author of Pro Rata

Hiring by U.S. private employers slowed in June, according to data released Thursday by ADP. The report showed 158,000 new positions created, compared to 230,000 new positions created in May. Professional and business services led the way, with 69,000 new jobs created.

ADP Research Institute

Why it matters to the White House: The numbers fell short of expectations, particularly in Trump-promoted sectors like manufacturing (only up 6,000) and natural resources/mining (down 2,000).

Why it doesn't matter to the White House: ADP reports generally get forgotten 24 hours later, when monthly jobs data is released by the U.S. Department of Labor. That has been particularly true in 2017, when the two reports have experienced unusually wide divergences -- with ADP generally coming in much higher than does that official government figure. Just take a look at the last three months of ADP figures vs. the Department of Labor's initial Bureau of Labor Statistics figures:

  • May ADP: +253,000
  • May BLS: +138,000
  • April ADP: +177,000
  • April BLS: +211,000
  • March ADP: +263,000
  • March BLS: +98,000

Go deeper

Obama praises young protesters, urges mayors to pursue police reforms

Former President Barack Obama called on all mayors to review their use-of-force policies and commit to policing reform in a virtual town hall Wednesday hosted by the Obama Foundation's My Brothers Keepers Alliance.

Why it matters: Obama has addressed the killing of George Floyd and the nationwide protests that followed on social media and in a Medium post, but this was his first time speaking about the past week's events on camera. His voice will add weight to the growing pressure on local, state and federal officials to pursue policing reforms.

James Mattis condemns Trump as a threat to the Constitution

Mattis on Fox in Septemnber 2019 in New York City. Photo: Steven Ferdman/Getty Images

Former Secretary of Defense James Mattis condemned President Trump for making a "mockery of our Constitution" in a statement to The Atlantic on Wednesday, saying he was "appalled" at the president's response to mass protests in the wake of George Floyd's killing.

Why it matters: Trump’s former defense secretary had refrained from publicly criticizing his former boss since resigning in 2018.

American society is teetering on the edge

Illustration: Eniola Odetunde/Axios

The COVID-19 pandemic, record unemployment and escalating social unrest are all pushing American society close to the breaking point.

The big picture: Civilizations don't last forever, and when they collapse, the cause is almost always internal failure. Even in the midst of one of our darkest years, the U.S. still has many factors in its favor, but the fate of past societies holds frightening lessons for what may lie ahead.