After 8 years of sucker punches and a slow poisonous decline, the United States’ economy is making it way off its sick bed this year, with the help of our new Commander-in-Chief at the helm. President Trump has promised to fix the glaring problems that his predecessor made, and his recent announcement shows that he’s serious about keeping that promise.
The report from ADP, a global human resources and payroll firm, provides the first hard economic facts from Donald Trump‘s first full month as president, and it is an impressive feat. The workforce report has shown strong numbers in job-adding for January and February which has led to impressive economic growth.
Via Daily Mail:
U.S. companies added a whopping 298,000 new jobs in February, providing the first hard economic numbers from Donald Trump’s first full month as president. Trump tweeted a self-congratulatory note, calling the number ‘much more than expected!’
The January/February growth in jobs was the strongest consecutive months for hiring since August/September of 2015, according to a workforce report by LinkedIn.
The growth was across multiple sectors of industry with construction jobs increasing by 66,000 in February alone and manufacturing adding 32,000 jobs. In addition to the general upswing in moral that the new President’s incredible display of work ethic and influence has brought, he has also promised $1 trillion in new infrastructure spending, which will also undoubtedly add new jobs.
According to Mark Zandi, the chief economist of Moody’s Analytics:
“Confidence is playing a large role. Businesses are anticipating a lot of good stuff – tax cuts, less regulation. They are hiring more aggressively.”
With February being famed as a month of growth, the likes of which we haven’t seen in years, it’s safe to assume that the naysayers are probably having a bad day. The official U.S. unemployment rate is expected to shift downward from 4.8 per cent to 4.7 per cent, in response to the official jobs numbers report, due Friday. Today we can count our blessings and our money; and say a prayer of thanks that we dodged the bullet called Hillary.
(Source: Daily Mail)