TRUMP ECONOMY: US Private Sector Created 298K Jobs in February vs. 190K Estimated as per ADP

 

JOBS, JOBS, JOBS … MAKING AMERICA EMPLOYED AGAIN!!!

As per CNBC, employment in the private sector went through the roof in February 2017 as 298,000 jobs were created!!! The market expectation was 190,000, a 91% increase. Welcome to the President Donald Trump “Making America Great Again” economy.

As I have stated in the past and will continue … what are Democrats, the LEFT and the MSM going to do and say when the Trump Administration succeeds for the American people? Do you really want to be on the erong side and look like you are trying to obstruct the economy and jobs? Good luck in 2018.

Via CNBC:

Companies added jobs at a blistering pace in February, with a notable shift away from the service-sector positions that have dominated hiring for years, according to a report Wednesday.

Employment in the private sector surged by 298,000 for the month, with goods producers adding 106,000, ADP and Moody’s Analytics said. Construction jobs swelled by 66,000 and manufacturing added 32,000.

The total shattered market expectations of 190,000, according to economists surveyed by ADP. The blockbuster report also solidified market expectations for the Fed to hike interest rates next week. Probability for an increase jumped to 91 percent after the release, according to the CME.

The year is off to a sizzling start for job creation, according to the ADP counts. January added 261,000 positions, a number that was revised upward from the originally reported 246,000.

“Confidence is playing a large role,” Mark Zandi, chief economist of Moody’s Analytics, told CNBC. “Businesses are anticipating a lot of good stuff — tax cuts, less regulation. They are hiring more aggressively.”



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  • Comments

    2 Responses to “TRUMP ECONOMY: US Private Sector Created 298K Jobs in February vs. 190K Estimated as per ADP”

    1. Flashback: Obama Mocks Trump For Suggesting He Can Bring Jobs Back … Guess What 235,000 Jobs Created in First Month of Trump Presidency | Scared Monkeys on March 10th, 2017 9:26 am

      [...] a look at the ADP jobs numbers for February where 295,000 were created and the government jobs number of 235,000 jobs created. It would appear [...]

    2. ADP: Private Payrolls Grew 263K in March 2017 vs. 185K Estimated | Scared Monkeys on April 6th, 2017 8:14 am

      [...] Companies added 263,000 jobs for the month, ADP and Moody’s Analytics said. That was well above the 185,000 expected from economists surveyed by Reuters and also better than the 245,000 reported for February. [...]

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