Posted on 05/01/2019 8:48:12 AM PDT by Red Badger
Key Points
Private payrolls grew by 275,000 last month, the biggest increase since July, when they expanded by 284,000.
Services-providing jobs increased by 223,000 in April, led by a gain of 59,000 jobs in professional and business services.
“The job market is holding firm, as businesses work hard to fill open positions,” says Mark Zandi, chief economist at Moody’s Analytics.
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The U.S. economy added far more jobs than expected in April as payrolls in the services sector grew by the most in more than two years, according to data released Wednesday by ADP and Moody’s Analytics.
Private payrolls grew by 275,000 last month, the biggest increase since July, when they expanded by 284,000. Economists polled by Dow Jones expected private payrolls growth of 177,000.
Services-providing jobs increased by 223,000 in April, led by a gain of 59,000 positions in professional and business services. Education and health services companies added 54,000 jobs while employment within the leisure and hospitality industry expanded by 53,000.
Goods-producing jobs — which include construction, manufacturing and mining — rose by 52,000, led by a 49,000 payrolls increase in construction. The economy added just 5,000 manufacturing jobs while mining employment declined by 2,000.
Overall, medium-sized businesses, those that employ 50 to 499 people, led the way in jobs creation last month by adding 145,000 jobs. Jobs within small businesses, meanwhile, increased by 77,000 while large companies hired 53,000.
“The job market is holding firm, as businesses work hard to fill open positions,” Mark Zandi, chief economist at Moody’s Analytics, said in a statement. “The economic soft patch at the start of the year has not materially impacted hiring. April’s job gains overstate the economy’s strength, but they make the case that expansion continues on.”
Wednesday’s report came after the Commerce Department said last week the economy grew by 3.2% in the first quarter on an annualized basis. That was the best start to a year since 2015. The official jobs report for April from the government will be released Friday.
But SloJoe said things suck really bad and stuff.
Yes, it’s really bad for a political party that consists mainly of lazy, parasitic neer-do-wells that need a never-ending excuse to not get a job..............
Best election, best POTUS, evah!
See, just like they predicted. PDJT is gonna ruin the econom........... Oh. Well, maybe for the next socialist that comes into power.
Joe thinks things suck because he can no longer sniff hair and grope until his candidacy is over.
But, but,. Remember Obama and his apologists said this economic growth started while Obama was president, and has nothing to do with Trump’s policies..........
The entire Democrat party is in panic mode, trying their damnedest to figure out how to wreck the country in just 18 months..............
Watch the Fed...
The Fed meets today!
Blah, blah, blah...
All this happy talk about exploding payrolls and profits is making me sick. My business has been cut in half since Trump was elected.
There are more Mexicans competing for our work than ever before.
I’m worried about mad max in charge, can they do the same thing today they did in 07 with the housing “crisis”.
It was the community reinvestment act then that barney fag used to topple the economy, can they use the student loan this time to do it again? There are a lot of defaults.
I fear the fed! They would happily cause a crash in order to bring back the deepstate.
Without the Senate and the POTUS they are basically powerless..................
Thats what I thought but wasn’t sure how much the banking oversight could do.
I thought Sloe-Joe-Pedo said that the jug-eared, halfrican puppet with dental floss arms was gonna create 500K jobs a month.
http://voices.washingtonpost.com/44/2010/04/biden-predicts-economy-will-cr.html
I guess that didn’t happen......
While waiting in my wife's doctors office, I read an AP article, that reported, with crow feathers in their teeth, "The S&P 500 hit a new high, continuing the last decades' expansion . I let out a noise had had other patients looking at me.
Evil Trump is making innocent people get jobs and paychecks and stuff. Everything should be free gratis, so people can sit at home and watch TV all day.
/sarcasm but it sounds like AOC
No, not really.
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