RELH
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(AP)
Job gains in the private sector far outpaced expectations in May, payroll processor ADP said Thursday, adding to sentiment that the U.S. economy is seeing a rebound in the second quarter from a sluggish first three months of the year.
The private sector added 253,000 jobs last month, far outpacing Wall Street expectations for a gain of 185,000 jobs. Business services, which includes technical services, management and administrative and support services positions, saw its strongest monthly increase since 2014, adding 88,000 jobs for the month, boosting the overall service-providing sector to 205,000 net new jobs.
?Job growth is rip-roaring,? Mark Zandi, chief economist of Moody?s Analytics, said in a statement. ?The current pace of job growth is nearly three times the rate necessary to absorb growth in the labor force. Increasingly, businesses? number one challenge will be a shortage of labor.?
Elsewhere, the goods-producing sector added 48,000 jobs as 37,000 new construction jobs came online, while information services and leisure and hospitality saw employment declines.
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If this keeps up, Dems are in trouble. Getting out of the Paris Accord should also help future job growth. I like the way that Trump explained how Obama sold the farm when he signed the Paris accord agreement and sold out our country to where other countries gained and we lost. He put it in very simple terms that everyone should understand, even liberals. Now set back and watch the radical liberal enviros go nuts over Trump dropping out of the Paris accord.
RELH
Job gains in the private sector far outpaced expectations in May, payroll processor ADP said Thursday, adding to sentiment that the U.S. economy is seeing a rebound in the second quarter from a sluggish first three months of the year.
The private sector added 253,000 jobs last month, far outpacing Wall Street expectations for a gain of 185,000 jobs. Business services, which includes technical services, management and administrative and support services positions, saw its strongest monthly increase since 2014, adding 88,000 jobs for the month, boosting the overall service-providing sector to 205,000 net new jobs.
?Job growth is rip-roaring,? Mark Zandi, chief economist of Moody?s Analytics, said in a statement. ?The current pace of job growth is nearly three times the rate necessary to absorb growth in the labor force. Increasingly, businesses? number one challenge will be a shortage of labor.?
Elsewhere, the goods-producing sector added 48,000 jobs as 37,000 new construction jobs came online, while information services and leisure and hospitality saw employment declines.
_________________________________________________________
If this keeps up, Dems are in trouble. Getting out of the Paris Accord should also help future job growth. I like the way that Trump explained how Obama sold the farm when he signed the Paris accord agreement and sold out our country to where other countries gained and we lost. He put it in very simple terms that everyone should understand, even liberals. Now set back and watch the radical liberal enviros go nuts over Trump dropping out of the Paris accord.
RELH
