Michael Inkman

The economic recovery has slowed down a bit in the past month and could be setting up for another Spring Economic Swoon. This morning, ADP reported that private employers created 119,000 jobs in April, below the 155,000 expected, while revising the March figure to 131,000. The job market continues to jump through hurdle after hurdle as employers are loathe to take on additional employees in a somewhat shaky economy. The 2% payroll tax increase coupled with the expiration of the Bush era tax cuts, could be one of the catalysts behind the lower economic numbers. [Read more…]