Wednesday, March 08, 2017

Trump Jump Hits US private Sector Creating 298K jobs in February

March 8,2017

the staff of the Ridgewood blog

Ridgewood NJ, the Trump jump continues with companies adding more jobs than expected in February. There was also a notable shift away from the service-sector positions that have dominated hiring for years.

President Trump had tweeted on Monday, “There is an incredible spirit of optimism sweeping the country right now—we’re bringing back the JOBS!”

ADP and Moody’s Analytics reported today that the private sector surged by 298,000 for the month, with goods producers adding 106,000, Construction jobs jumping 66,000 and manufacturing added 32,000.

The 298,000 total shattered market expectations of 190,000, according to economists surveyed by ADP.

Trump tweeted this morning, “LinkedIn Workforce Report: January and February were the strongest consecutive months for hiring since August and September 2015”

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