ADP/Moody’s Analytics: Private-Sector Jobs Grow by 235,000 in February vs 195,000 Expected

 

THE TRUMP ECONOMY CONTINUES TO GROW JOBS …

ADP and Moody’s Analytics. reports that private payrolls rose by 235,000 in February, well above Wall Street estimates of 195,000. The United States has gone from Barack Obama, the food stamp president, to Donald Trump, the jobs president. Trump is definitely making America great again!

donald_trump_-_make_america_great_again

Job creation saw another powerful month in February, with companies adding 235,000 positions, ADP and Moody’s Analytics reported Wednesday.

The total again defied Wall Street expectations, as economists surveyed by Thomson Reuters were expecting payrolls to grow by 195,000. Growth actually decelerated slightly, as January posted an upwardly revised 244,000 from the initially reported 234,000.

February marked the fourth month in a row that private payrolls hit 200,000 or better.

“The job market is red hot and threatens to overheat,” Mark Zandi, chief economist at Moody’s, said in a statement. “With government spending increases and tax cuts, growth is set to accelerate.”

February saw broad-based gains that stretched across both the services and goods-producing sectors.

Leisure and hospitality led industry groups with 50,000 jobs, while professional and business services contributed 46,000 and trade, transportation and utilities added 44,000.

However, construction rose 21,000 and manufacturing notched 14,000 new positions. In all, goods-producing industries increased by 37,000 while all services-related businesses added 198,000.



If you liked this post, you may also like these:

  • BOOM!!! ADP/Moody’s Analytics: Private Payrolls Grow by 234,000 in January 2018 vs 185,000 Expected (VIDEO)
  • TRUMP ECONOMY: US Private Sector Created 298K Jobs in February vs. 190K Estimated as per ADP
  • Flashback: Obama Mocks Trump For Suggesting He Can Bring Jobs Back … Guess What 235,000 Jobs Created in First Month of Trump Presidency
  • ADP: Private Payrolls Grew 263K in March 2017 vs. 185K Estimated
  • Obamanomics: The Obama Job Recovery Plan Yields a Dismal 179,000 Private Sector Jobs for April 2011




  • Comments

    Leave a Reply




    Support Scared Monkeys! make a donation.

     
     
    • NEWS (breaking news alerts or news tips)
    • Red (comments)
    • Dugga (technical issues)
    • Dana (radio show comments)
    • Klaasend (blog and forum issues)
     
     
     
     
     
     
     
    Close
    E-mail It