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Trump Effect: Businesses blow away forecasts: Add 234,000 jobs in Jan.

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  • Trump Effect: Businesses blow away forecasts: Add 234,000 jobs in Jan.

    Private payrolls grow by 234,000 in January, vs 185,000 expected: ADP/Moody's Analytics
    • Private companies hired another 234,000 in January, well above expectations for 185,000, according to ADP and Moody's Analytics.
    • Service-related industries led with 212,000 new jobs, though 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.


    Jeff Cox | @JeffCoxCNBCcom
    Published 38 Mins Ago

    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.

    [...]

    https://www.cnbc.com/2018/01/31/priv...analytics.html
    Watts Up With That? | The world's most viewed site on global warming and climate change.

  • #2
    Trump is making it rain!
    Any man can hold his place when the bands play and women throw flowers; it is when the enemy presses close and metal shears through the ranks that one can acertain which are soldiers, and which are not.

    Comment


    • #3
      Obama’s Final Jobs Report Marks 75 Consecutive Months of Growth

      https://www.theatlantic.com/business...report/512366/

      Obama handed Trump an economy that was close to what economists consider full employment. The unemployment rate on Inauguration Day was 4.8%, and it has fallen since then, to 4.3% in July.

      http://fortune.com/2017/03/29/presid...ms-fact-check/
      "Ask not what your country can do for you"

      Left wing, Right Wing same bird that they are killing.

      you’re entitled to your own opinion but not your own facts.

      Comment


      • #4
        Originally posted by Half Pint John View Post
        Obama’s Final Jobs Report Marks 75 Consecutive Months of Growth

        https://www.theatlantic.com/business...report/512366/

        Obama handed Trump an economy that was close to what economists consider full employment. The unemployment rate on Inauguration Day was 4.8%, and it has fallen since then, to 4.3% in July.

        http://fortune.com/2017/03/29/presid...ms-fact-check/
        Driving people out of the labor force is one way to lower the unemployment rate...


        Labor Force Statistics from the Current Population Survey

        It's just about the only way to lower the unemployment rate during the weakest recovery since 1947.



        Minneapolis Fed.
        Watts Up With That? | The world's most viewed site on global warming and climate change.

        Comment


        • #5
          You were off to a good start, Doc, until you came down with a terminal case of charts and graphs...again.

          234,000 jobs? How many are part time and how many are full time? What wages? What skills? How many Americans still out of work and how many who have given up ever working again?

          The Quick Fix Mentality is killing America, and it's the driving force in an increasingly volatile stock market, and yet it is totally non-reality based. Numbers by them selves mean nothing.

          Meanwhile, the government wants to raise gas taxes by a whopping 25 cents per gallon to pay for "infrastructure", a move that if passed will cripple the economy all down the line, and hurt millions of Americans on fixed incomes, not mention largely negating Trump's "tax cuts" that so many here have praised so extravagantly.

          The government is a monolithic dinosaur, with a tail and a body which has no idea what the head is doing and could care less.

          What is needed is not more money for infrastructure, but infrastructure that lasts longer and is easier to maintain rather than tear out and replace - the current methodology. We put millions into developing rations with shelf lives of forever, but can't come up with better roads and bridges? We put men on the Moon, but can't rationally address problems at home.

          I live on a dirt road, and it gets more maintenance than the county's paved roads. When America is ready to address that paradox, we'll see how it goes.

          BTW - the truth behind Apple bringing home billions of dollars came out in the news today. Let's see which of you picked up on it.
          Quis Custodiet Ipsos Custodes? Who is watching the watchers?

          Comment


          • #6
            Originally posted by Half Pint John View Post
            Obama’s Final Jobs Report Marks 75 Consecutive Months of Growth
            CNN headline regarding Obama & economic growth:

            Yes, this is the slowest U.S. recovery since WWII

            http://money.cnn.com/2016/10/05/news...wii/index.html

            MSN headline regarding Trump:

            Economic growth under Trump has been strongest in 13 years

            https://www.msn.com/en-us/money/mark...ars/ar-AAuBVYc


            Take your blinders off for once Jack....care about your country not political parties.
            "I don't discuss sitting presidents," Mattis tells NPR in an interview. "I believe that you owe a period of quiet."

            Comment


            • #7
              Originally posted by Nichols View Post
              CNN headline regarding Obama & economic growth:

              Yes, this is the slowest U.S. recovery since WWII

              http://money.cnn.com/2016/10/05/news...wii/index.html

              MSN headline regarding Trump:

              Economic growth under Trump has been strongest in 13 years

              https://www.msn.com/en-us/money/mark...ars/ar-AAuBVYc


              Take your blinders off for once Jack....care about your country not political parties.
              You do realize that political parties run this nation, correct?
              Quis Custodiet Ipsos Custodes? Who is watching the watchers?

              Comment


              • #8
                Liberals before Trump took office - Trump will destroy the economy!

                Liberals after Trump took office - Good economy is Obama's fault!

                They seem to be a mite inconsistent on economic cause and effect.
                A new life awaits you in the off world colonies; the chance to begin again in a golden land of opportunity and adventure!

                Comment


                • #9
                  MM, would you rather no jobs were created?
                  Any man can hold his place when the bands play and women throw flowers; it is when the enemy presses close and metal shears through the ranks that one can acertain which are soldiers, and which are not.

                  Comment


                  • #10
                    Originally posted by Mountain Man View Post
                    You do realize that political parties run this nation, correct?
                    Yes....do you realize that Trump won the election to drain the swamp?

                    Did you ever stop to think why the democrats and the republicans are pissed off at him?
                    "I don't discuss sitting presidents," Mattis tells NPR in an interview. "I believe that you owe a period of quiet."

                    Comment


                    • #11
                      Originally posted by Arnold J Rimmer View Post
                      Trump is making it rain!
                      Only in some places, and he wants 1.3 TRILLION dollars that we don't have for "infrastructure". This is a shell game, and the money has to come form somewhere - somewhere being American taxpayers.

                      There is a severe disconnect between the celebrations of Trumponomics and the grim reality of what lies ahead.
                      Quis Custodiet Ipsos Custodes? Who is watching the watchers?

                      Comment


                      • #12
                        Originally posted by Nichols View Post
                        Yes....do you realize that Trump won the election to drain the swamp?

                        Did you ever stop to think why the democrats and the republicans are pissed off at him?
                        Because he isn't one of them; however, that does not solve the problems faced by America.

                        Meanwhile, they just added a lot more alligators to that swamp of yours.
                        Quis Custodiet Ipsos Custodes? Who is watching the watchers?

                        Comment


                        • #13
                          Originally posted by Mountain Man View Post
                          Only in some places, and he wants 1.3 TRILLION dollars that we don't have for "infrastructure". This is a shell game, and the money has to come form somewhere - somewhere being American taxpayers.

                          There is a severe disconnect between the celebrations of Trumponomics and the grim reality of what lies ahead.
                          Ah, the grim reality that lies ahead.

                          So you would rather no jobs were created and that we continue allowing our infrastructure to deteriorate because you believe that will prevent the grim reality that lies ahead?
                          Any man can hold his place when the bands play and women throw flowers; it is when the enemy presses close and metal shears through the ranks that one can acertain which are soldiers, and which are not.

                          Comment


                          • #14
                            Originally posted by Nichols View Post
                            CNN headline regarding Obama & economic growth:

                            Yes, this is the slowest U.S. recovery since WWII

                            http://money.cnn.com/2016/10/05/news...wii/index.html

                            MSN headline regarding Trump:

                            Economic growth under Trump has been strongest in 13 years

                            https://www.msn.com/en-us/money/mark...ars/ar-AAuBVYc


                            Take your blinders off for once Jack....care about your country not political parties.
                            The "MSN" story is actually CNBC.
                            Watts Up With That? | The world's most viewed site on global warming and climate change.

                            Comment


                            • #15
                              Originally posted by Mountain Man View Post
                              [FONT="Lucida Sans Unicode"]You were off to a good start, Doc, until you came down with a terminal case of charts and graphs...again.

                              234,000 jobs? How many are part time and how many are full time? What wages?
                              US added 200K jobs in Jan., pay up by most in 8 years

                              Washington – U.S. employers added a robust 200,000 jobs in January, and wages rose at the fastest pace in more than eight years, evidence of a consistently healthy job market.

                              The pay gains suggest that employers are increasingly competing for a limited pool of workers. Raises stemming from Republican tax cuts and minimum wage increases in 18 states also likely boosted pay last month.

                              The unemployment rate remained 4.1 percent for a fourth straight month, the lowest level since 2000, the Labor Department said in its monthly jobs report Friday.

                              Average hourly pay rose 9 cents in January to $26.74, after an even bigger increase in December. Compared with 12 months earlier, wages rose 2.9 percent, the biggest gain since the recession ended eight years ago.
                              http://www.detroitnews.com/story/bus...ort/110036736/

                              Tuebor

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