The U.S. Private Sector Hired 263,000 – More Than Expected

The media has been spending the week breathlessly reporting President Donald J. Trump’s approval numbers. But guess what happened today?

We have proof that Trump is exactly the right man to fix Obama’s economic mess.

The February and March job numbers are fantastic, and higher than expected. Wow!

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.

And CNBC has more:

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.

This is fantastic news, and a clear sign that the markets are reacting to Trump’s pro-growth agenda. Obama’s heavy-handed policies and growing bureaucratic mess kept America in a historically slow recovery. In fact, GDP growth numbers show Obama was the worst president in 70 years.

Now, just a few months into his presidency, Trump is making good on his promises about the economy.

Things are turning around, and America is already a better place to do business.

What do you think about this fantastic jobs report? Please leave us a comment (below) and tell us.

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