California Quietly Revised FY2023 Job Growth Down From +325k Jobs to Just +50k – High-Paying Tech and Professional Jobs Hit Hardest
California Gov. Gavin Newsom recorded his own message to parents in Temecula. (@GavinNewsom / Twitter screenshot)
In February 2022, CNN Business reported the previous month’s US job growth on the first Friday of the month, as is customary. What isn’t as well-known is that just before the Bureau of Labor and Statistics report is released, the ADP Research Institute releases its own privately obtained data. The ADP handles the “payroll of about one-fifth of all privately-employed individuals in the US,” according to Investopedia. CNN Business reported on the ADP numbers as well.
On February 2, 2022, CNN Business reported the ADP claimed there was a loss of 301,000 private-sector jobs.
On Friday, February 4th, 2022, CNN Business reported a “surprisingly strong jobs report”,
