Posted on 09/05/2019 7:21:23 AM PDT by Olog-hai
U.S. businesses added a healthy 195,000 jobs last month, a sign companies are still hiring at a solid pace despite the Trump administration’s trade war with China.
Payroll processor ADP said Thursday that hiring occurred broadly among small, medium-sized and large businesses, compared with recent months when large firms had dominated. Health care, restaurants and hotels, and professional services all added jobs at a robust pace. Manufacturing added 8,000, despite other data that shows factory output is contracting.
Strong hiring, as long as it continues, can fuel solid growth in consumer spending, the primary driver of the economy. That would propel growth even as businesses have cut back on spending and exports have fallen amid the trade war.
The ADP’s figures don’t include government hiring and frequently diverge from the government’s official report, which is scheduled to be released Friday. Economists expect that report will show 160,000 jobs were added.
The job gains in ADP’s report are well above the roughly 100,000 that are needed each month to keep up with population growth and prevent the unemployment rate from rising. …
(Excerpt) Read more at apnews.com ...
But But But.....the coming Recession! The MSM told me so. It must be true. Why does the economy stubbornly refuse to tank?
And this is before the X-Mas hiring rush.
Market up 400+ to start the day. Horrible day for the left. Trump rocks!
We have quite a number of large Wisconsin companies that are already advertising for Christmas Help; $15/hour and up for part-time work.
Lands’ End, Duluth Trading Company, American Girl (now owned by Mattel), The Swiss Colony, etc.
Happy Days Are Here Again! :)
So, AP couldn’t even make it through the first sentence without the obligatory “but” clarification, intending to diminish any PDJT achievement.
YES!
Some recession we’re going to have, right drivebys? DNC?
Yes, “but”, “despite”, or similar words; they can’t grasp why Trump is not failing.
Un-possible, the MSN says we’re in an economic apocalypse.
It’s because everybody is working 2 or more jobs!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.