BOOM!!! ADP/Moody’s Analytics: Private Payrolls Grow by 234,000 in January 2018 vs 185,000 Expected (VIDEO)
AND THE TRUMP ECONOMY AND JOBS KEEPS ON COMING …
From CNBC comes the following fantastic jobs news … ADP and Moody’s Analytics state that private companies hired 234,000 jobs in January, 2018. That is far above the 185,000 jobs that was expected. Of the 234,000 jobs, 212,000 new jobs were service related, manufacturing added 12,000 and construction added 9,000. At this rate we are going to run out of workers to fill the jobs and then look for wages to truly increase as companies vie for talent.
- Private companies hired 234,000 jobs in January, well above expectations for 185,000, according to ADP and Moody’s Analytics.
- Service-related industries led with 212,000 new jobs; manufacturing added 12,000 and construction 9,000.
- The report often differs significantly from the government’s more closely watched nonfarm payrolls count, with ADP reporting growth of 242,000 in December vs. the Labor Department’s 148,000.
The new year got off to a strong start for job creation, with businesses adding 234,000 in January, according to a report Wednesday from ADP and Moody’s Analytics.
Economists surveyed by Reuters had been looking for private payrolls to grow by 185,000.
Job creation was concentrated largely in service-related industries, which contributed 212,000 to the total.
Within that sector some of the better-paying industries showed solid gains: Trade, transportation and utilities led with 51,000, education and health services added 47,000 and professional and businesses services contributed 46,000. Leisure and hospitality services also grew by 46,000.
“The job market juggernaut marches on,” Mark Zandi, chief economist at Moody’s Analytics, said in a statement. “Given the strong January job gain, 2018 is on track to be the eighth consecutive year in which the economy creates over 2 million jobs. If it falls short, it is likely because businesses can’t find workers to fill all the open job positions.”
ADP’s latest count comes with the national unemployment rate at 4.1 percent, though wage pressures remain muted. Economic growth overall has been solid, with the Atlanta Fed projecting the economy to grow 4.2 percent in the first quarter.
In an interview with CNBC, Zandi said the current pace of job growth suggests an unemployment rate of 3.5 percent by the end of 2018
PRESIDENT DONALD TRUMP’S STATE OF THE UNION ADDRESS WAS A SMASHING SUCCESS … TRUMP IS MAKING AMERICA GREAT AGAIN!
According to a CBS News/YouGov poll that was taken following last nights State of the Union Address, an overwhelming 75% of those polled approved of President Donald Trump’s speech, while only 25% disapproved. The libs at CBS were not available for comment after the amazingly great poll ratings for Trump. Across the board, President Trump received stellar marks as compared to what the liberal MSM, Democrats and the LEFT has been spewing against him. When asked whether Trump should be given credit for the economy, 54% said a lot, 18% said some and 13% said a little. Only 15% said not much or none. Wait until the Trump-GOP tax cuts take affect and we shall see these numbers go even higher. Also, a remarkable 72% said the were in favor of Trump’s immigration plan.
Keep in mind while reading the poll results, according to the poll demographics, 52% were Trump supporters, 32% Trump opponents and 16% something in between. Also, 42% Republican, 25% Democrat and 33% Independent. Thus, there were a lot of Democrats and nearly most all Independents liked what President Trump was saying last night. An incredible 81% stated that the speech was trying to unite the country.
Three in four Americans who tuned in to President Trump’s State of the Union address tonight approved of the speech he gave. Just a quarter disapproved.
How did the speech make you feel?
Eight in 10 Americans who watched tonight felt that the president was trying to unite the country, rather than divide it. Two-thirds said the speech made them feel proud, though just a third said it made them feel safer. Fewer said the speech made them feel angry or scared.
Credit for the economy
And after hearing him speak tonight, 54 percent of speech watchers give him a lot of credit for the current state of the nation’s economy, up from 51 percent before they watched the State of the Union.
Hey Democrats, how are the November midterms looking?
MAKING AMERICA GREAT AGAIN FOR BLACKS AND JOBS …
As reported at CNBC, the Bureau of Labor Statistics reports that black workers had a 6.8 percent unemployment rate in December, the lowest in the 45 years the data has been tracked. This is HUGE!!! When President Donald Trump said he was going to “Make America Great Again,” he meant it for all Americans. The economy is now benefiting all Americans, including blacks. This is the Democrats worst nightmare. Who can blacks thank for this lowest ever unemployment? Donald Trump of course. It was not Barack Obama who created jobs for blacks, Obama actually failed blacks. It is actually Trump who will be better for blacks. Liberals and Democrats heads are spinning. Now the real question is, will blacks reward Trump for his amazing job in the 2020 elections? In 2016 Trump got 8% of the black vote,which was up from 2012 and 2008. If Trump gets double digit black votes, Democrats will lose their lock on this demographic forever.
Unemployment among black workers is at its lowest since at least the early 1970s, when the government began tracking the data.
The black unemployment rate of 6.8 percent in December was the lowest since the Bureau of Labor Statistics started tracking it in 1972, a year in which the rate ranged from 11.2 percent to 9.4 percent. In the 45 years the data has been tracked, the unemployment rate for black or African-American workers aged 16 years and older has never fallen below 7 percent.
With all the negative race-baiting by the LEFT, Democrats and the media and hateful rhetoric against Donald Trump, who is it that has been putting them back to work?
FBI Deputy Director Andrew McCabe to Retire from the FBI in coming Months & Get Full Pension (VIDEO)
RETIRE? HE NEEDS TO BE FIRED AND PROSECUTED!!!
As reported at The Hill, FBI Deputy Director Andrew McCabe is planning to retire in the coming months amid accusations from Republicans of partisanship and bias within the law enforcement agency. WHAT? This corrupt SOB needs to be fired prior to being fully eligible for any pension. Then he needs to be prosecuted and thrown in prison for his part in trying to alter an election. Of course his decision to retire has nothing to do with the fact that McCabe sat before three congressional committees this week, where he faced questions about his conduct and the FBI’s handling of the investigations. DRAIN THE SWAMP, FIRE THIS GUY AND INDITE HIM!!! As reported at The Daily Caller, McCabe’s departure comes days after The Post reported that FBI general counsel Jim Baker will be reassigned.
THE COLLUSION WAS BETWEEN THE FBI & DOJ TO PREVENT TRUMP FROM BEING PRESIDENT!!!
FBI Deputy Director Andrew McCabe is planning to retire in the coming months amid accusations from Republicans of partisanship and bias within the law enforcement agency.
The Washington Post reported Saturday that McCabe plans to step down in a few months, when he is fully eligible for pension benefits. That is expected to happen in early March.
McCabe has weathered GOP criticism of the FBI for over a year, with Republicans questioning the agency’s handling of the investigation into Hillary Clinton’s use of a private email server and, more recently, the probe into possible collusion between President Trump’s campaign and Russia.
The deputy director faced particular criticism after it was revealed that his wife, who ran for Virginia state Senate in 2015, received hundreds of thousands of dollars in campaign donations from a political action committee led by Virginia Gov. Terry McAuliffe, a Democrat with close ties to the Clintons.
Rep. Jim Jordan: Appears There Was Orchestrated Plan Within DOJ, FBI to Prevent Trump From Becoming President
A TALE OF TWO ECONOMIES …
The comparison of the Donald Trump and Barack Obama economies can best be describes like a Tale of Two Cities, “It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair.” Guess which one was which? Just look at the color codes numbers below that compare November of 2016 under Obama and November of 2017 under President Donald Trump. Even partisan Democrats can compare these numbers. Ever wonder why the liberal, bias media does not want to tout Trump’s accomplishments and continuously report on a Russian collusion story that does not exist? Because Americans are back to work, including Blacks and Hispanics. Under Obama in Nov. 2016. Black unemployment was at 8.1% and for Hispanics 5.7%. However, under Trump in Nov. 2017, Black unemployment is down to 7.3% and Hispanics at 4.1%. In Nov. 2017, manufacturing unemployment rate fell to a record low under Trump. The manufacturing sector added 31,000 jobs, while its unemployment rate fell to a record-low 2.6%. Under Obama, he claimed the manufacturing jobs were gone for good and many were lost on his watch.
For Barack Obama, he was the Food Stamp president. Donald Trump is the economic recovery president. Add the Stock market president too. The DOW is currently at 24,329.16. Remember when the foolish LEFT said on election night that the Stock market was going to crash because of a Trump election? How did that work out?
NOV 2017 (DONALD TRUMP)
Total nonfarm payroll employment increased by 228,000 in November, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in professional and business services, manufacturing, and health care.
Household Survey Data
The unemployment rate held at 4.1 percent in November, and the number of unemployed persons was essentially unchanged at 6.6 million. Over the year, the unemployment rate and the number of unemployed persons were down by 0.5 percentage point and 799,000, respectively. (See table A-1.)
Among the major worker groups, the unemployment rate for teenagers increased to 15.9 percent in November. The jobless rates for adult men (3.7 percent), adult women (3.7 percent), Whites (3.6 percent), Blacks (7.3 percent), Asians (3.0 percent), and Hispanics (4.7 percent) showed little change.
The number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 1.6 million in November and accounted for 23.8 percent of the unemployed. Over the year, the number of long-term unemployed was down by 275,000. (See table A-12.)
NOV 2016 (Barrack Obama)
The unemployment rate declined to 4.6 percent in November, and total nonfarm payroll employment increased by 178,000, the U.S. Bureau of Labor Statistics reported today. Employment gains occurred in professional and business services and in health care.
Household Survey Data
In November, the unemployment rate decreased by 0.3 percentage point to 4.6 percent, and the number of unemployed persons declined by 387,000 to 7.4 million. Both measures had shown little movement, on net, from August 2015 through October 2016.
Among the major worker groups, the unemployment rate for adult men declined to 4.3 percent in November. The rates for adult women (4.2 percent), teenagers (15.2 percent), Whites (4.2 percent), Blacks (8.1 percent), Asians (3.0 percent), and Hispanics (5.7 percent) showed little or no change over the month.
The number of job losers and persons who completed temporary jobs edged down by 194,000 to 3.6 million in November. The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.9 million and accounted for 24.8 percent of the unemployed. Over the past 12 months,the number of long-term unemployed was down by 198,000.