The May 2017 jobs report is in and it’s a blowout report!
Thanks to President Trump, the U.S. economy is booming! Job numbers in May were “well above expectations”. The report credits a surge in construction and professional and business services. Translation: businesses and builders have confidence in the United States for the first time in 8 years and are rushing to build and expand their businesses!
That’s what happens when you appoint a World Class Businessman to the highest office in the land. Amazing how a billionaire knows how to get things done and stimulate the economy, while our previous Socialist-In-Chief nearly destroyed the country!
Thank you President Trump!!
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Here’s more of the report, from CNBC:
Private payrolls add 253K in May vs. 185K est.: ADP
- Companies added 253,000 new jobs in May, well above expectations of 185,000 and April’s 174,000.
- Big growth areas were construction and professional and business services.
ADP reports payrolls up 253K in May
Job creation surged in May thanks to a jump in construction positions and a boom in professional and business services, according to a report Thursday from ADP and Moody’s Analytics.
Private payrolls increased by 253,000, well ahead of expectations. Economists surveyed by Reuters expected the report to show that private payrolls grew by 185,000 in May from 174,000 in April.
The growth “is three times the rate of the growth in the underlying labor force,” Mark Zandi, the chief economist at Moody’s Analytics, told CNBC. “So that means the unemployment rate, which is 4.4 percent, is quickly headed to 4 percent. This labor market is rip-roaring and getting really tight.”
Services broadly led the way with 205,000 new jobs, with professional and business services contributing 88,000 — its best month in about three years — and education and health services adding 54,000.
How He Did It:
VOTE NOW, how successful will Trump be as President?
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