BREITBART NEWS: The great American jobs machine stamped out 219,000 private payroll jobs in July, according to a private survey conducted by Moody’s Analytics and payroll processor ADP.
This suggests that the economy continues to expand and that employers were able to find workers despite very low unemployment. Economists had expected just 185,000 new jobs.
“The Job market is booming, impacted by the deficit-financed tax cuts and increases in government spending,” said Moody’s Analytics chief economist Mark Zandi.
What about those tariffs that so many complained were putting the Trump boom at risk?
“Tariffs have yet to materially impact jobs, but the multinational companies shed jobs last month, signaling the threat,” Zandi said.
In other words, the tariffs have alleviated the tightness of the labor market by shifting jobs to domestic employers from global corporations.
[Read More…] [jp_post_view]
- U.S. Wins Title of World’s Most Competitive Economy for First Time in a Decade
- Jobless Claims Unexpectedly Plunge to New Post-1969 Record
- REPORT: Mueller Will Accept Written Answers From Trump on ‘Russian Collusion’
- WAYNE ALLYN ROOT: Nike vs In-n-Out: The Silent Majority Have Spoken
- Chuck Todd Silent on NBC News’ Weinstein Scandal After Declaring War on Media Critics
- Social media users falsely accuse ex-Trump official of making ‘white power’ gesture at Kavanaugh hearing
- Investigation: Potentially 39M Cases of Identity Theft by Illegal Aliens in Four Years
- White House: Media Dividing Our Country More than Donald Trump
- China Angered by ‘America First’ Commitments in U.S. Defense Act
- July Retail Sales Rock, Productivity Soars Above Expectations, Manufacturing Businesses Booming