# The Job Market in Flux
## Jobs in a State of Flux
The job market has been experiencing some turbulence lately. It’s not all doom and gloom though, as there have been quite a few new job opportunities popping up over the past couple of years. The main issue seems to be the inconsistency and unpredictability of this growth.
In June 2019, ADP predicted the creation of around 140,000 new jobs. However, the actual number turned out to be approximately 102,000. While 102,000 new jobs are nothing to scoff at, falling short by 38,000 from the initial projection does raise some concerns.
Economists noted that larger corporations were responsible for adding a significant chunk of these new jobs, around 65,000 to be precise. Small businesses, on the other hand, saw a decline of 23,000 jobs. To delve into specifics, the education and healthcare sectors saw an increase of 55,000 jobs, professional and business services added 32,000 jobs, but the construction industry experienced a loss of 18,000 jobs.
> USA ADP employment report announcement – Actual: 102.0k, Expected: 140k
> [Tweet Link](https://twitter.com/spreadexfins/status/1146391980139864065?ref_src=twsrc%5Etfw)
So, what caused this fluctuation? There were two main culprits. Firstly, trade tensions between the US and China led to businesses becoming more cautious, hindering growth. Secondly, the impact of tax cuts introduced in 2018 started to fade by late 2019.
Chief economist Ian Shepherdson from Pantheon Macroeconomics provided some insight, stating, “The bigger picture here is that payroll growth had to slow this year because the economy is no longer being boosted by last year’s tax cuts. But the key private sector survey measures of hiring, notably the ISM surveys and the NFIB survey, have substantially recovered.”
