Happy days are here again and for the foreseeable future when it comes to adding jobs to the economy.
I have said this before, and I will say it again, during Barack Obama’s time in office, the benchmark for job growth was 250K a month. Obama’s presidency was so bad, they moved that down to 150K, and somehow the brought down unemployment numbers.
Strange how those unemployment numbers came down and the rest of America didn’t run into the streets with a feeling of success. That’s because Obama manipulated everything for political purposes. While America saw Obama’s unemployment numbers going down, most were missing a number of people who stopped looking for work.
President Trump brings an atmosphere of great work ethic to the business owner and employee, and hopefully, this trend will continue.
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.
Professional and business services was the leading sector, with 57,000, while leisure and hospitality added 55,000 and health care was up 46,000. Manufacturing payrolls grew by 30,000 and trade, transportation and utilities rose by 34,000.
In terms of company size, fewer than 50 employees was the biggest growth area, with 118,000. Firms that employ 50 to 499 workers added 100,000.
“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.”
U.S. private employers added 263,000 jobs in March, more than the number they hired in February and well above economists' expectations, a …
— SG TasteMakers (@sgtastemakers) April 5, 2017
You missed 2 CNN: (1) 263,000 new jobs for March; (2) spying on Trump and many associates before and after election. How about adding ?
— Adorable Gianni (@riverlover22) April 5, 2017
Private sector adds 263,000 jobs in March: ADP https://t.co/72epcMxH05
— MarketWatch (@MarketWatch) April 5, 2017
What do you think about the new jobs numbers? How long will this continue and what do you expect to happen?
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