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 off with a Bang … U.S. Added 227,000 Jobs in January 2017

DONALD TRUMP PRESIDENCYPUTTING AMERICA BACK TO WORK AGAIN!

As reported at CNBC, the U.S. created 227,000 jobs in January, 2017. This is the first jobs report of the Donald Trump presidency and it is “HUUUGE.”The jobs number is much greater than the analysts expectations of 175,000 jobs. Also, according to the Bureau of Labor Statistics, the civilian labor force increased by 584,000 in January, and the labor force participation rate rose by 0.2 percentage point to 62.9%.

jobs-growth

Nonfarm payrolls grew by 227,000 in January while the unemployment rate edged higher to 4.8 percent, the Bureau of Labor Statistics reported Friday.

Economists surveyed by Reuters expected payrolls to grow by 175,000, compared with 57,000 in December, and the unemployment rate to hold steady at 4.7 percent.

UPDATE I: Manufacturing Jobs Up, Government Jobs Down.

The United States gained 5,000 jobs in manufacturing in January while losing 10,000 in government, according to numbers released today by the Bureau of Labor Statistics.

In the one month from December 2016 to January 2017, manufacturing jobs rose from 12,336,000 to 12,341,000—for an increase of 5,000.

At the same time, government jobs dropped from 22,286,000 to 22,276,000—a decline of 10,000.

Pathetic May 2016 Jobs Report … Obama Economy Only Added 38,000 as Obama Touted the Economy is Great

WTF … 38,000 JOBS ADDED IN MAY … WAY TO GO BARACK!!!

The amazing economy that Barack Obama touted this past week in Indiana created a pathetic 38,000 jobs in May. And as the NY Post reports, it was even worse than that, if possible. 38,000 JOBS!!! This is a beyond unreal bad number as the experts predicted a modest gain of 150,000 jobs. OOPS! But do to the BS way the government calculates the unemployment rate, the unemployment rate fell to 4.7% from 5%. So for the uninformed, they think things are just grand. Even they they are unemployed and on welfare and food stamps.  The fact of the matter is that the labor participation rate is at a record low, as a 94,708,000 Americans were not in the labor force in May,  664,000 more than in April. The labor force participation rate dropped two-tenths of a point to 62.6 percent.

Obama_Worst President2

The job market went ker-plop in May, which should send new college graduates to the beaches instead of gainful employment, and their tuition-paying parents to psychiatrists.

Let me get right to the bad news. And then I’ll give you even worse news, so you’d better pull up a beach chair.

The Labor Department reported on Friday that the nation’s economy added only 38,000 jobs in May.The experts expected a modest gain of 150,000 jobs, so the actual figure is like setting off a bomb at a gas station.

May’s gain was not only well below the consensus but much lower than the previous two months, whose figures were revised sharply downward. In total, there were actually 59,000 fewer new jobs in March and April than previously estimated.

But it gets even worse than that.

Of those 38,000 new jobs the government said were created in May, only 25,000 were in the private sector, which means that if it weren’t for the fact that governments somewhere found money to hire people, then growth would have been reduced by nearly a third.

Obama’s BIG LIE about the economy.

When President Obama took office in January 2009, 80,529,000 Americans were not participating in the labor force; since then, 14,179,000 Americans have left the workforce — some of them retiring and some just quitting because they can’t find work.

“By almost every economic measure, America is better off than when I came here at the beginning of my presidency,” President Obama told the people of Elkhart, Indiana three days ago. “We cut unemployment in half, years before a lot of economists thought we would.”

The unemployment rate in May dropped to 4.7 percent, BLS reported, less than half of its Obama-era high of 10 percent in October 2009.

But the labor force participation rate has deteriorated over Obama’s two terms.

When Obama took office in January 2009, shortly before the recession ended, the labor force participation rate was 65.7 percent. The following month, it reached an Obama-era high of 65.8 percent, and then it began its seven-year downward spiral, hitting 62.4 percent in September 2015, its lowest point since 1977.

The 62.6 percent participation rate in May 2015 compares with 62.8 in April and 63.0 in March. (BLS noted that the rate has declined by 0.4 percentage point over the past two months, offsetting gains in the first quarter.)

In May, according to the Labor Department’s Bureau of Labor Statistics, the nation’s civilian noninstitutional population, consisting of all people 16 or older who were not in the military or an institution, reached 253,174,000. Of those, 158,466,000 participated in the labor force by either holding a job or actively seeking one.

The 158,466,000 who participated in the labor force equaled 62.6 percent of the 253,174,000 civilian noninstitutional population.

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