Posted on 12/06/2017 7:27:21 AM PST by gubamyster
Private sector employment in the US rose more than expected in November, according to data released by ADP on Wednesday.
Employers added 190,000 jobs, versus expectations for an increase of 185,000. In October, 235, 000 jobs were added. Small businesses with fewer than 50 employees added 50,000 positions, while medium businesses with between 50 and 499 employees added 99,000 jobs. Large companies with 500 or more employees added 41,000 jobs.
The goods-producing sector recruited an extra 36,000 people, while service providers added 155,000 jobs. Mark Zandi, chief economist at Moody’s Analytics, said: "The job market is red hot, with broad-based job gains across industries and company sizes. The only soft spots are in industries being disrupted by technology, brick-and-mortar retailing being the best example. There is a mounting threat that the job market will overheat next year."
Capital Economics said the 190,000 increase in private sector employment is consistent with its estimate that the official non-farm payroll employment will show a 200,000 increase when the data is released this Friday.
"After the hurricane-related disruption that hit September’s payroll tally, prompting a bounce-back in October, employment growth should now revert to its previous trend of between 150,000 and 200,000 per month. With the survey-based hiring indicators at elevated levels, however, and initial jobless claims unusually low again, we think November will be at the top of that range, particularly as there might still be some residual unwinding of the hurricane disruption."
Trump’s so lucky that Barry left him with a booming economy. /s
Hard to believe the left is trying to peddle that crap. They have no shame.
Anybody who is buying that is a complete moron.
Used to be that bad economic news was “unexpected”
under obama, the word “unexpected” always was used in a context involving bad news; under trump, the word “unexpected” is always used in a context of good news.
*Drink*
Have you also noticed that Obama’s numbers were always quietly revised downward the next month, while the last few reports from Trump have been revised upwards?
Scares the heck out of me to think that people who believe that can vote.
I won’t believe any unemployment numbers (regardless of who is in office) until I see real reaction in the market; namely, the salary increases that are supposed to accompany low unemployment. For too many years now we’ve watched many salaries head in the opposite direction - a sure indication that unemployment was very high (if the foreclosed homes and negative birthrate didn’t tell you that already).
looks like even chuck and nancy have given up their lame bleating that the economy is roaring because of the great shape obama left the country in ...
(btw, have the Dems figured out yet if they stand for anything besides free stuff for their constituency paid for by the rest of us?)
I agree, and even Trump said at one of his early rallies after the election when he was saying that unemployment was down since he took office, he "wasn't sure you could believe the numbers, but it's all we have."
All of the money stayed tied up until Bronco was out. Now you understand the reason of the left to keep Trump in turmoil.
The bottom line is to keep the money tied up. If Trump can get rid of these monkeys the economy will break wide open.
The Marxists cannot have that. The Stock Market knows this.
Ask the morons on the left what they did with their portfolio.
Everyone moonbat that I knew said Trump will tank the market upon election. I hope they withdrew.
I am up 24% alone on a diverse 401k.
Understand your enemy.
He was wrong; it isn’t all we have. The real-time, on-the-ground salary information is the best indicator.
I still want employers fighting with knives over employees.
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