Private Sector Adds More Jobs Than Expected in August
President Trump got good news when the new economic numbers were released. The private sector gained more jobs than expected in August.
According to The Daily Wire:
In a new report released on Thursday that bolsters President Trump’s chances of reelection, the ADP Research Institute and Moody’s analytics said private sector employment increased by 195,000 jobs from July to August, surpassing the estimates that employment would increase by 140,000 new jobs.
AdvertisementBloomberg reported, “Businesses’ payrolls increased by 195,000 after a downwardly revised 142,000 gain in July, according to the ADP Research Institute. The latest data compared with the median estimate of economists for a 148,000 increase. A separate Labor Department report Thursday showed filings for unemployment benefits were little changed last week, near the lowest level since 1969.”
The Wall Street Journal added, “The U.S. Department of Labor’s Bureau of Labor Statistics will release its August nonfarm jobs data on Friday. Economists polled by The Wall Street Journal are expecting 150,000 jobs to have been added and for a 3.7% unemployment rate.”
Ahu Yildirmaz, vice president and co-head of the ADP Research Institute, stated, “In August we saw a rebound in private-sector employment. This is the first time in the last 12 months that we have seen balanced job growth across small, medium and large-sized companies.” Mark Zandi, chief economist of Moody’s Analytics, added, “Businesses are holding firm on their payrolls despite the slowing economy. Hiring has moderated, but layoffs remain low. As long as this continues recession will remain at bay.”
The news comes as President Trump has continued to stand firm on his trade war with China.
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About The Author
Keep on Keeping on Mr. President . . . .then the Snow flakes can cry them selves to sleep for 4 more or longer years ! Get rid of all the bad things Obama brought to us and bring us back to the strong leadership position our fore fathers wanted for us as a stand alone nation not a part of a Socialist New World Order!
Amen, Bill!
President Trump
You are doing a great job. Keep it up. It’s been a long time since we had a president that cares for us. Make America great again! Once Obama is cleaned out of our system, we will be on our way to how our forefathers wanted us to be. No green deal for us. No New World order. Get some Veterans in Congress and oust those Liberal Democrats.
That’s my President!
Hey, Mr.President….you’re the greatest. Keep on Trumping. You have what it takes to change and run this great country…..4 more years. Thank you, Sir.
Bill and Carolyn said it all, we need strong leadership, lets get the wall built and start paying down our national debt too.. Kepp up the good work, make those demoncrat socialists cry!!!
For some reason, 1600Daily always ends up in my spam section! Why is this?
@Carolyn Goodin – If you have Gmail, then they do that on purpose. I have a few Gmail accounts and this is exactly what they do to me.
Sorry, Carolyn Goodin…That message was meant for William. 🙁 My bad.
The Democrats badly wanted the economy to fail. They must be quite disappointed.