Wednesday, August 1, 2018

Your Good News of the Day: Jobs/Economy Booming

The great American jobs machine stamped out 219,000 private payroll jobs in July, according to a private survey conducted by Moody’s Analytics and payroll processor ADP.

This suggests that the economy continues to expand and that employers were able to find workers despite very low unemployment. Economists had expected just 185,000 new jobs.

“The Job market is booming, impacted by the deficit-financed tax cuts and increases in government spending,” said Moody’s Analytics chief economist Mark Zandi.
Hiring was strongest at medium sized businesses, which added 119,000 jobs. Larger businesses grew jobs by 48,000. Small businesses, employing less than 50 people, hired 52,000.
Manufacturing, education, health care , hotels, and restaurants led the July hiring boom. Manufacturing added 23,000 jobs and construction 17,000. Information technology shed 1,000 jobs.
And if that wasn't good enough, June’s reading was revised up to 181,000 new jobs.


  1. I'm a supervisor and I can tell you from experience that finding employees for entry-level, unskilled labor is like pulling teeth. Good for the country, bad for me (not that I'm complaining...can't get enough of this winning!).

  2. and in the same amount of time, the previous administration hired 1.2 million more government minions to do the bidding of a democrat controlled government at an incalculable cost to the taxpayers and voters who happily borrowed more money from china to pay for it.
    does that make the chinese smart or stupind?