The self-proclaimed economic “experts” celebrated the recent Labor Department’s Bureau of Labor Statistics January jobs report which showed that the United States’ economy added a striking 353,000 jobs in January. To top that off, the unemployment rate has been below four percent for two years now - the longest stretch since the 1960’s.

The average American worker should be thrilled that the U.S. labor market is positioned to see a stretch of solid economic growth in the coming months while simultaneously celebrating the news that the American economy is so strong, right?

Or is it?

Per ADP, a private payroll and Human Resources organization that produces a monthly jobs report, employment in January declined. The human resources giant reported that “Private payroll growth declined sharply in January, a possible sign that the U.S. labor market is heading for a slowdown this year. Companies added 107,000 workers in the first month of 2024, off from the downwardly revised 158,000 in December and below the Dow Jones estimate of 150,000.”

The question is - who do you want to believe?........

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