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U.S. private sector adds the most jobs in eight months

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The Trump economy continues to surge. America’s is booming thanks to President Trump’s pro business policies. Why would any American vote for his opponent in 2020? President Trump is the GOAT! #Trump2020!

U.S. private sector adds the most jobs in eight months

ADP reports job gains rose by 202,000, well above forecast of 157,000

By MarketWatch, January 8th, 2019:

The numbers: U.S. private-sector employment picked up in December as businesses added 202,000 jobs, according to data released Wednesday.

Economists polled by Econoday had expected a December gain of 157,000 compared with an originally reported increase of 67,000 in November. On Wednesday, ADP revised November’s gain to 124,000.

What happened: Private-sector service providers made up most of December’s growth, adding 173,000 jobs. Meanwhile, goods producers added 29,000. Midsized companies added 88,000 jobs, small companies added 69,000 jobs and large companies added 45,000.

Big picture: Economists use ADP’s data to get an idea of the Labor Department’s employment report, which will be released Friday and covers government jobs in addition to the private sector. Economists polled by MarketWatch expect the government’s report to show nonfarm payroll employment rose by 160,000 jobs last month, compared with a November gain of 266,000 jobs. Economists noted that the two reports do not always move in tandem. That was evident in November, when the ADP reading was weak in contrast to the strong gain in private payrolls.

 

 

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