Subject: Re: Straw in the wind
Latest ADP employment release showed that small US firms (under 50 employees) reduced employment by 120,000 last month.
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I've seen this blamed an the accelerated deporting of foreign born people from the US asymmetrically affecting small businesses more than larger ones, and that their departure will leave open positions for "red blooded" Americans. While that may be true in a minority of cases, very small businesses geographically located in immigrant neighborhoods, will likely be permanently challenged. The argument is simply misdirection of a larger impact that the combination of higher prices and a slowing economy is having on large swaths of the US population.

Jeff