Pretty big miss on jobs expectations

ADP: Private sector employment increased by 189,000 jobs from February to March according to the March ADP National Employment Report®. ... The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment each month on a seasonally-adjusted basis.

Calculated Risk watches these reports and says the expectation was for 250k jobs. All of these jobs were service sector.  Here is the key point.

Bloomberg: The national medical bill may be back to growing faster than gross domestic product. After five years of historically slow growth, new data show U.S. health-care spending accelerated significantly in 2014.
The analysis, from the Altarum Institute research group and based on preliminary government data, shows health spending increasing by 5 percent last year, compared to 3.6 percent in 2013. If confirmed by the final tally, health-care spending during 2014 would mark the biggest jump since before the recession.

As I pointed out, 3/4 of the consumer spending  growth in the fourth quarter was coming from Obamacare payments. So we see why Something strange in the neighborhood. It really does look like Obamacare is causing a recession after all, and right on schedul. As usual, all the costs of Obamacare arrive at the end of the presidential regime, and we should also expect huge debt roll overs coming along with it.