Originally published at: GREAT AGAIN: Private Payrolls SKYROCKET in July, SMASH Expectations | Sean Hannity
The US economy continued to roar to life under President Trump and the Republican-controlled Congress in July, with new data showing private payrolls smashed expectations and posted major gains as the nation nears full employment.
According to CNBC, private payroll positions increased by 219,000 last month, far surpassing economist predictions of 185,000.
“Private payrolls in the U.S. increased by more than expected last month as companies get a boost from lower corporate taxes, ADP and Moody’s Analytics said Wednesday,” writes CNBC. “July’s job gains were the best since February, when 241,000 jobs were added. Jobs growth for the previous month was also revised up to 181,000 from 177,000.”
“The job market is booming, impacted by the deficit-financed tax cuts and increases in government spending,” said a leading economist at Moody’s Analytics. “Tariffs have yet to materially impact jobs, but the multinational companies shed jobs last month, signaling the threat.”
Read the full report here.
