The Trump Effect: Private Sector Adds 263,000 Jobs in March – Joe Walsh

The Trump Effect: Private Sector Adds 263,000 Jobs in March

Donald Trump

Share:

The private sector loves President Trump.

Private-sector employment continued at a torrid pace in March, according to data released Wednesday morning, registering the second-strongest reading in more than two years.

Employers added 263,000 private sector jobs last month, up from a revised 245,000 in February, ADP Inc. reported.

The increase in March was above expectations. Economists polled by Econoday had forecast a March gain of 170,000 jobs compared with an original estimate of 298,000 for February.

President Donald Trump has claimed credit for the acceleration in the pace of job growth this year, as businesses look at the possibility of tax cuts, deregulation and infrastructure spending. Job gains have averaged 252,000 in the first three months of 2017.

“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 at Moody’s Analytics, who helps prepare the report.

Read the rest of the article on Market Watch

Comments