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ECON Private-sector jobs grow by 235,000 in February, vs 195,000 expected:
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  1. #1
    Join Date
    May 2004
    Location
    2004 Soviet of Washington
    Posts
    10,208

    Private-sector jobs grow by 235,000 in February, vs 195,000 expected:

    More good news and on trend.
    Note that these are real jobs, not transfer payments under a fig leaf.
    Considering the winter, I did not expect so much growth.
    Liberals hate real jobs, higher wages, and growth, preferring welfare for idle, docile slaves.
    This article, by the way, is from the notorious Trump supporters at CNBC
    SS

    'Private-sector jobs grow by 235,000 in February, vs 195,000 expected: ADP/Moody's Analytics

    Private payrolls rose by 235,000 in February, well above Wall Street estimates of 195,000, according to a report from ADP and Moody's Analytics.
    Growth actually decelerated slightly, as January posted an upwardly revised 244,000 from the initially reported 234,000.
    The Moody's/ADP report precedes the more closely watched Labor Department nonfarm payrolls count, with economists expecting that number to be around 200,000.

    Jeff Cox | @JeffCoxCNBCcom
    Published 2 Hours Ago Updated 30 Mins Ago



    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.

    In terms of business size, the gains again were spread: Medium-sized firms (50-499 employees) led with 97,000. Large businesses and small firms contributed 70,000 and 68,000 respectively.

    The gains come amid concerns that a tight jobs market could put upward pressure on wages and generate an inflation spike that would force the Federal Reserve to raise interest rates faster than the market anticipates.

    However, monthly jobs reports continue to defy expectations that payroll growth is bound to slow as the unemployment rate, currently at 4.1 percent, nears the level that economists generally consider full employment.

    Dallas Fed President Robert Kaplan told CNBC on Tuesday that the central bank will need to hike three times this year to keep the economic expansion going.

    The Moody's/ADP report precedes the more closely watched Labor Department nonfarm payrolls count, which comes Friday. The numbers often differ considerably.

    Last month's government count showed that average hourly earnings rose at the fastest pace in more than eight years, fueling more inflation concerns and sending the stock market briefly into a correction. Economists are looking for Friday's report to show growth of about 200,000 new jobs.

    https://www.cnbc.com/2018/03/07/adp-...uary-2018.html
    “Then the creatures of the high air answered to the battle, .., and the woods trembled and the wind sobbed telling them, the earth shook,; the witches of the valley, and the wolves of the forests, howled from every quarter and on every side of the armies, urging them against one another.”
    ― Lady Gregory, Gods and Fighting Men: The Story of the Tuatha De Danaan and the Fianna of Ireland

  2. #2
    Join Date
    May 2004
    Location
    2004 Soviet of Washington
    Posts
    10,208
    Always good to hear from Charles.
    SS

    ' Pinned Tweet
    Charles V Payne
    ‏Verified account @cvpayne
    3h3 hours ago

    Breaking News: Jobs Booming!
    ADP Employment Report
    235,000
    Mining 2,000
    Construction 21,000
    Manufacturing 14,000
    This is real news that all Americans should cheer!
    '

    https://twitter.com/cvpayne?ref_src=...Ctwgr%5Eauthor
    “Then the creatures of the high air answered to the battle, .., and the woods trembled and the wind sobbed telling them, the earth shook,; the witches of the valley, and the wolves of the forests, howled from every quarter and on every side of the armies, urging them against one another.”
    ― Lady Gregory, Gods and Fighting Men: The Story of the Tuatha De Danaan and the Fianna of Ireland

  3. #3
    Join Date
    Oct 2014
    Location
    SE Georgia
    Posts
    3,119
    Quote Originally Posted by Shacknasty Shagrat View Post
    Always good to hear from Charles.
    SS

    ' Pinned Tweet
    Charles V Payne
    ‏Verified account @cvpayne
    3h3 hours ago

    Breaking News: Jobs Booming!
    ADP Employment Report
    235,000
    Mining 2,000
    Construction 21,000
    Manufacturing 14,000
    This is real news that all Americans should cheer!
    '

    https://twitter.com/cvpayne?ref_src=...Ctwgr%5Eauthor
    It is!

  4. #4
    Join Date
    Sep 2007
    Location
    Seattle
    Posts
    28,485
    If the United States starts manufacturing again, employment will be way better.

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