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GREAT AGAIN: JOBS +263,000

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http://www.cnbc.com/2017/04/05/private-payrolls-grew-263k-in-march-vs--185k-est-:-adp.html

The year's fast start for job creation showed no signs of letting up in March as private payrolls saw another big boost, according to a report Wednesday.

Companies added 263,000 jobs for the month, ADP and Moody's Analytics said. That was well above the 185,000 expected from economists surveyed by Reuters and also better than the 245,000 reported for February.

The February number was revised significantly lower, however, from the originally reported 298,000.

In addition to the big gain on the headline number, the month also continued a trend away from services-oriented positions dominating job creation. Goods-producing firms contributed 82,000 to the total, as construction led the way with 49,000 new jobs.

Professional and business services was the leading sector, with 57,000, while leisure and hospitality added 55,000 and health care was up 46,000. Manufacturing payrolls grew by 30,000 and trade, transportation and utilities rose by 34,000.

In terms of company size, fewer than 50 employees was the biggest growth area, with 118,000. Firms that employ 50 to 499 workers added 100,000.
>>
>>128881
https://www.wsj.com/articles/private-sector-reports-stronger-than-expected-boost-to-payrolls-in-march-1491397601

Private-sector hiring this year remained strong as employers reported adding more workers to their payrolls in March than expected, according to a report released Wednesday.

Private payrolls across the nation rose by 263,000 last month, said payroll processor Automatic Data Processing Inc. and forecasting firm Moody’s Analytics. This was much better than a gain of 180,000 expected by economists polled by The Wall Street Journal. In February, ADP’s report showed the private-sector added 298,000 jobs. The report is based on data collected from ADP clients in addition to lagged behind government figures.

“The gains are broad based but most notable in the goods producing side of the economy including construction, manufacturing and mining,” said Mark Zandi, chief economist of Moody’s Analytics.

Goods-producing industries, which include construction and manufacturing, added 82,000 jobs. Meanwhile, service-providing sectors such as hospitality added 181,000 jobs in March.

Most of the job gains came from small businesses, defined by ADP as companies with 49 or fewer employees. These firms added 118,000 jobs. Midsize firms with 50 to 499 employees added 100,000 workers, while large businesses added 45,000.

“Consumer dependent industries including health care, leisure and hospitality, and trade had strong growth during the month,” said Ahu Yildirmaz, vice president and co-head of the ADP Research Institute.

The Labor Department’s job report for March is expected on Friday. Economists surveyed by the Journal expect employers to have added 175,000 nonfarm jobs.
>>
So it's just like every other jobs report from the last 9 years. Got it. So much for Trump's 3%+ GDP growth.
>>
All of these sources were "fake" when Obama was president and jobs were being added
>>
>>128912
Most of the jobs that were added after the Recession were shit jobs though. Despite the conservative rhetoric, Obama was very good for the corporate/business elite, just as Clinton and the other New Democrats have been before him. As for Trump, he hasn't really impacted the above yet (whether in a good or bad way), as this is more from inertia left over from Obama then any specific policy of his. A more fair assessment of Trump and Republican performance can be made at the end of next fiscal year

I don't have much confidence in Trump addressing any of the above though. Congress/Trump seem beholden to moneyed interests (see "ISPs can now sell personal info") and the middle and lower classes will continue to be squeezed out, especially with automation around the corner.
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