ADP: Private Payrolls Grew 263K in March 2017 vs. 185K Estimated

THE TRUMP JOB TRAIN CONTINUES ON …

According to ADP and Moody’s Analytics, companies added 263,000 jobs for the month of March 2017. That was far above the 185,000 expected from economists surveyed by Reuters and also better than the 245,000 reported for February. For the second month in a row of the Trump presidency, there has been a jobs boom and  its all about JOBS, JOBS, JOBS!!!

VIA CNBC:

The year’s fast start for job creation showed no signs of letting up in March as private payrolls saw another big boost, according to a report Wednesday.

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.

The February number was revised significantly lower, however, from the originally reported 298,000.

In addition to the big gain on the headline number, the month also continued a trend away from services-oriented positions dominating job creation. Goods-producing firms contributed 82,000 to the total, as construction led the way with 49,000 new jobs.

“Job growth is off to a strong start in 2017,” Mark Zandi, chief economist of Moody’s Analytics, said in a statement. “The gains are broad-based but most notable in the goods producing side of the economy including construction, manufacturing and mining.”

The report comes amid hopes that President Donald Trump can deliver on his pro-growth agenda of lower taxes, less regulation and more infrastructure spending. Economic data points have been mixed lately, with sentiment surveys outpacing actual hard data of activity.

Posted April 6, 2017 by
Jobs, Labor Force | no comments

Flashback: Obama Mocks Trump For Suggesting He Can Bring Jobs Back … Guess What 235,000 Jobs Created in First Month of Trump Presidency

REMEMBER WHEN THIS FOOLISH PRESIDENT MOCKED TRUMP ABOUT CREATING JOBS?

Remember during the 2016 presidential campaign when Barack Obama mocked candidate Donald Trump for his ability to bring jobs back and create them. Like everything during the Obama years, it was all one big joke, made by Obama who could have cared less to have America employed or help the hard working men and women of America find a good paying job. Obama mocked Trump by saying, did he have a magic wand. Hmm, I guess Trump did have a magic wand and an answer. You Obama, had none.

Take 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 that President Trump knows exactly what he is doing and Obama did not have a clue. Obama wanted America to get used to no jobs growth stating that’s just the way it is and President Trump wants to Make America Great Again!!!

President Donald Trump’s First Full Month in White House … 235,000 Jobs Created in February 2017

ITS NOT JUST A TRUMP BUMP, ITS  TRUMP MAKING AMERICA GREAT AGAIN …

The jobs numbers are in for President Donald Trumps first full month in the White House and they are fantastic. The U.S. economy added 235,000 jobs in February and the unemployment rate at 4.7%. However, look for this number ti go back up as millions of people will get back into the work force as they see jobs are being created. During the 2016 campaign Donald Trump promoted jobs, jobs, jobs and it appears that he is coming trough on that promise creating an environment favorable to business and job growth. From CNS News, a record 152,528,000 Americans were employed in February, 447,000 more than in January, and the labor force participation rate went up, the Labor Department’s Bureau of Labor Statistics reported on Friday. Also, job gains for December and January were revised up by 9,000. December’s was revised to 157,000 from 155,000, and January’s to 238,000 from 227,000.

Donald Trump thumbs up

The U.S. economy added a robust 235,000 jobs in February, the Labor Department said Friday.

The unemployment rate ticked down to 4.7%. Unemployment peaked at 10% in 2009, after the financial crisis.

Economists say it will be a challenge for Trump to fulfill his promise to create 25 million jobs over the next 10 years. The unemployment rate is already very low, and many Baby Boomers have either retired or left the job market.

At least in his first full month, though, Trump is on pace to fulfill that promise.

Last year the economy averaged about 190,000 new jobs per month. The economy is showing other signs of strength: Consumer and business confidence is high and stocks are at record levels.

Wage growth continued showing signs of progress after persisting at a sluggish pace for years until 2016. Wages grew a solid 2.8% in February compared with a year ago.

PARTICIPATION RATE:

The participation rate, which shows the share of working-age people in the labor force, increased to 63 percent, the highest since last March, from 62.9 percent. It has been hovering close to the lowest level in more than three decades.

The number of people out of the labor force, a figure repeatedly highlighted by Trump as a sign of economic malaise, fell by 176,000 to 94.2 million.

CNS News: 152,528,000: Record Number of Employed in February; Participation Rate Rises.

Sixty-three percent of Americans either held a job or actively looked for one in February, the highest participation rate in ten months.

The number Americans not in the labor force continued to drop, to 94,190,000 in February, 176,000 fewer than in January and well below the record of 95,102,000 set in December 2016.

And there’s more good news in the February jobs report, the first one to cover a full month of the Trump presidency:

According to BLS, the economy added 235,000 jobs last month and the February unemployment rate dropped a tenth of a point to 4.7 percent.

The 94,190,000 million people counted as not participating in the labor force in February includes millions of baby boomer retirees, students, the disabled, homemakers and others who do not work for various reasons.

UPDATE: Dow futures rise 100 points after strong jobs report.

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.”

Exxon Mobil Corp. Announced It Plans to Spend $20 Billion Over 10 Years Along the Gulf Coast Resulting in the Creation of 45,000 Jobs

JOBS, JOBS, AND MORE JOBS DURING THE TRUMP PRESIDENCY …

In a press release from Exxon Mobil Corp, they stated that they will be expanding capacity along the U.S. Gulf Coast and plan to invest in $20 billion over the next 10 years and crating over 45,000 jobs. Exxon-Mobile went on to say that many of these are high-skilled, high-paying jobs averaging about $100,000 a year. They also went on to say that the creation of these jobs would have a “multiplier effect” creating more jobs in these communities to service these new investments. This is how capitalism works America. President Donald Trump congratulated Exxon-Mobile and stated, “This is exactly the kind of investment, economic development and job creation that will help put Americans back to work.”

donald-trump tweet jobs exxon

Exxon Mobil Corporation (NYSE:XOM) is expanding its manufacturing capacity along the U.S. Gulf Coast through planned investments of $20 billion over a 10-year period to take advantage of the American energy revolution, Darren Woods, chairman and chief executive officer, said Monday.

The projects, at 11 proposed and existing sites, are expected to generate thousands of new high-paying jobs and $20 billion in increased economic activity in Texas and Louisiana, Woods said, highlighting the company’s Growing the Gulf initiative in a keynote speech today at the CERAWeek 2017 conference.

“Importantly, Growing the Gulf also creates jobs and lasting economic benefits for the communities where they’re located,” Woods said. “All told, we expect these 11 projects to create over 45,000 jobs. Many of these are high-skilled, high-paying jobs averaging about $100,000 a year. And these jobs will have a multiplier effect, creating many more jobs in the communities that service these new investments.”

But the Democrat-media complex is so quick to give Barack Obama the credit for this and not President Donald Trump. The Obama water carrying ABC News wrote, “But Exxon’s expansion plan was hatched long before Trump entered the White House: investments began in 2013, during Barack Obama’s presidency, and are expected to continue through at least 2022, according to Exxon.” REALLY? As if fossil fuel related jobs would have ever been created in an Obama administration or Hillary Clinton. GET REAL. Who honestly has the audacity but the liberal MSM to think that fossil fuel jobs and investment would have taken place under a presidency that loathed oil.

Presidents do not generally create jobs, unless you are Donald Trump and actually get personally involved in negotiations with companies and keep jobs in America as opposed to going elsewhere, what presidents do is to create an environment conducive to business. That is what Trump has done. There is no way under the liberal war on coal and energy that Exxon-Mobile would have ever pulled the trigger on this.

But Exxon’s expansion plan was hatched long before Trump entered the White House: investments began in 2013, during Barack Obama’s presidency, and are expected to continue through at least 2022, according to Exxon.

Still, during a keynote speech Monday at an oil and gas industry conference in Houston, Woods gave credit to the Trump administration.

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