Companies added way more jobs than expected in December:

A

anatta

100% recycled karma
Businesses continue to add aggressively to their payrolls despite the stock market slump and the trade war. Favorable December weather also helped lift the job market," Mark Zandi, chief economist at Moody's Analytics, said in a statement. "At the current pace of job growth, low unemployment will get even lower."

Professional and business services led the way with 66,000 new positions, education and health services contributed 61,000 and leisure and hospitality added 39,000. In all, service-related industries were responsible for 224,000 of the new hires, while goods producers rose by 47,000.

On the goods side, construction grew by 37,000 and manufacturing added 12,000. Natural resources and mining lost 2,000 positions.

From a company size perspective, those with 50-499 workers led with 129,000, while small businesses added 89,000 and large firms hired another 54,000.

The results come amid growing concerns for an economy headed for above-3 percent full-year growth for the first time since the Great Recession ended in mid-2009.

conomists expect the government's nonfarm payrolls report being released Friday to show 176,000 new jobs in December, with the unemployment rate edging lower to 3.6 percent, according to Dow Jones. That estimate could be revised higher following Thursday's report.

"We wrapped up 2018 with another month of significant growth in the labor market," said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute.
https://www.cnbc.com/2019/01/03/december-private-payrolls-rise-271k-vs-178k-est-adpmoodys.html
 
Key Insights

• The figures, coming a day ahead of the monthly jobs report due from the Labor Department on Friday, are a positive sign for private payrolls.

• Hiring was broad-based, reflecting gains in almost all industries, including manufacturing and construction. While growth in household purchases is underpinning demand for labor, the trade war with China has fueled business uncertainty.

• Companies have continued to hire at a solid pace even as the economy is projected to grow at a slightly slower rate in the fourth quarter amid trade and other headwinds.

• Payrolls in goods-producing industries, which include builders and manufacturers, increased 47,000 after a 13,000 rise while service providers added 224,000 workers following 144,000 in November.

Economist’s Views

“Businesses continue to add aggressively to their payrolls despite the stock market slump and the trade war,” Mark Zandi, chief economist at Moody’s Analytics Inc. in West Chester, Pennsylvania, said in a statement.

“We wrapped up 2018 with another month of significant growth in the labor market,” Ahu Yildirmaz, an economist with ADP, said in the statement. The report is produced by Moody’s Analytics Inc. and ADP.

Get More

• Hiring in construction rose by 37,000; factories added 12,000 workers.

• Professional and business services, education and health care boosted their workforce; employment in natural resources and mining fell by 2,000.

• Companies employing 500 or more workers increased staffing by 54,000 jobs; payrolls rose by 129,000 at medium-sized businesses, or those with 50 to 499 employees; and small companies’ payrolls grew by 89,000.

• A separate report Thursday from the Labor Department showed filings for unemployment benefits rose to a four-week high of 231,000 in the week ended Dec. 29, exceeding the median estimate of economists in Bloomberg’s survey.
https://www.washingtonpost.com/busi...ory.html?noredirect=on&utm_term=.2062704e5e13
 
The economy is booming, still

#MAGA moves forward even if triggered nut-bags are wishing it didn't.

Trump built in stop gaps for the non-sense, it's what he does
 
And from your own article;

"Manufacturing and housing numbers have been contracting, and even consumer and business confidence, which had been around record highs earlier in the year, have been waning in recent months. Earlier Thursday, the Mortgage Bankers Association reported that applications for home loans hit their lowest level in 18 years."

"And even the jobs numbers are not all good: Challenger, Gray & Christmas also reported Thursday that planned layoffs in December rose 35.3 percent to 43,884. For 2018, announced layoffs rose by 538,659, a 28.6 percent increase that was the biggest rise since 2015."

As the article concludes, "uncertainly" reigns in the economy as reflected by the Market swings

And before you go boasting MAGA, the reality, as reflected in the majority of relevant polls and the midterm results, is that Americans astutely view the positive signs in the economy as happening in spite of Trump and not because of Trump.
 
archives said:
And from your own article;

"Manufacturing and housing numbers have been contracting, and even consumer and business confidence, which had been around record highs earlier in the year, have been waning in recent months. Earlier Thursday, the Mortgage Bankers Association reported that applications for home loans hit their lowest level in 18 years."

"And even the jobs numbers are not all good: Challenger, Gray & Christmas also reported Thursday that planned layoffs in December rose 35.3 percent to 43,884. For 2018, announced layoffs rose by 538,659, a 28.6 percent increase that was the biggest rise since 2015."

As the article concludes, "uncertainly" reigns in the economy as reflected by the Market swings

And before you go boasting MAGA, the reality, as reflected in the majority of relevant polls and the midterm results, is that Americans astutely view the positive signs in the economy as happening in spite of Trump and not because of Trump.
Click to expand...
be sure and let me know when it's Obama economy and when it's Trumps. :rolleyes:

The market is speculative on Chinese trade deal and global slowdown.
But this year has been fantastic in terms of main street economy. not perfect but fantastic.
Every one of those manufacturing jobs were one's Obama said Trump would need a magic wand to bring back..

Once we get China settled, that will stop being a drag. AND this despite the Fed rate increases!
Actually nevermind. This is Trump's economy.

Next is tax season and people will see their taxes reduced as well
 
noise said:
be sure and let me know when it's Obama economy and when it's Trumps. :rolleyes:

The market is speculative on Chinese trade deal and global slowdown.
But this year has been fantastic in terms of main street economy. not perfect but fantastic.
Every one of those manufacturing jobs were one's Obama said Trump would need a magic wand to bring back..

Once we get China settled, that will stop being a drag. AND this despite the Fed rate increases!
Actually nevermind. This is Trump's economy.

Next is tax season and people will see their taxes reduced as well
Click to expand...

Never said it was Obama's economy, rather that Trump inherited an Obama economy on the rise, that is undeniable. Trump's only contribution is that he hasn't interfere enough to blow it, yet that is now beginning to look questionable. As I noted, Americans know this, that is why they view a progressing economy happening inspite of Trump not because of Trump

And why do you assume getting "China settled" is something assured or even going to happen? You can cite all the indicators you want about China's economy slowing but keep in mind China is an autocracy, meaning it doesn't really care about the effects of a delayed economy upon its' populace, their in more hurry
 
archives said:
Never said it was Obama's economy, rather that Trump inherited an Obama economy on the rise, that is undeniable. Trump's only contribution is that he hasn't interfere enough to blow it, yet that is now beginning to look questionable. As I noted, Americans know this, that is why they view a progressing economy happening inspite of Trump not because of Trump

And why do you assume getting "China settled" is something assured or even going to happen? You can cite all the indicators you want about China's economy slowing but keep in mind China is an autocracy, meaning it doesn't really care about the effects of a delayed economy upon its' populace, their in more hurry
Click to expand...
ya I get it. fake news will never credit Trump's deregulation and tax cuts.
Obama never got 3% GDP and actually lost manufacturing jobs..kina hard to see how this is any "extension"of that.

China has to settle, it's GDP rate is getting smaller and it uses that to pay for '1 belt 1 road'
It's using stimulus money now as it is.
 
We will see. The stock market isn't reacting like they are filled with puppy kisses and sunshine for the economy today. Been down between 400 and 500 all morning
 
More Job Growth has always been a Good thing ... I'm glad you're finally realizing it.

Now impress me ... do it for 8 years.

 
Rana, would you tell all the minorities who say America has never been great it’s sad they think that way?

Edit: I should state I too believe America has always been great but then I’m just a racist white male
 
Last edited:
Phantasmal said:
I can think of things I have disliked about America but never did I not think of my country as great. It’s sad you did and do.
Click to expand...
It's not about "like or dislike" -although at least you are better them Michele Obama's
"For the first time in my adult life, I am really proud of my country" crap
~~

It's about reversing the tide of globalism that ate our wealth, and outsoucring that ate our jobs
 
You must log in or register to reply here.
Back
Top