“IT’S HURTING THE ECONOMY!” So went the far left wailing during the 35-day partial government shutdown. (Which had far more to do with Nancy Pelosi than President Trump)
Well, it might have hurt the on time paychecks of some government employees, but in the real world/private sector, that partial government shutdown was all but ignored as private sector jobs increased by a remarkable 213,000 thanks in great part to President Trump’s Make America Great Again agenda of fewer regulations, lower taxes, and much improved trade deals.
Via Fox News:
Private sector employment increased by 213,000 jobs in January, according to the ADP National Employment report , surpassing Wall Street’s expectations of 178,000 jobs, despite a 35-day partial government shutdown that experts believed could take a toll on small business.
“The job market weathered the government shutdown well,” Mark Zandi, the chief economist of Moody’s, said. “Despite the severe disruptions, businesses continued to add aggressively to their payrolls. As long as businesses hire strongly the economic expansion will continue on.”
In December, the private sector added a whopping 271,000 jobs — soaring past analysts’ expectations of 178,000. Manufacturing, meanwhile, added the most jobs in more than four years.
Want to know another reason why the federal government hates Donald Trump so much? Because the President has been doing what so few presidents before him could – trimming the bloated federal government fat to the tune of 24,000 fewer jobs since he took office just 18 months earlier even as private-sector job growth continues to rise to its highest levels in a generation.
That is remarkable, especially when compared to the Obama and Bush years when private sector job growth was stagnant while taxpayer-funded federal jobs increased by more than 20%.
Trump Has Cut Federal Payroll by 24,000 Jobs
The federal government cut 3,000 jobs in May and federal employment has now dropped by 24,000 since President Donald Trump took office, according to data released today by the Bureau of Labor Statistics.
Even as federal government jobs were declining, overall employment was increasing…
The Trump White House and the American people received yet more good news this week (which the Establishment Media will once again do its best to ignore) in the form of a surprising new jobs number that broke past previous tepid expectation among economic experts.
Check it out via CNBC:
The ADP National Employment showed private-sector businesses added 235,000 jobs in the month. ADP was expected to show private employers added 200,000 jobs in October, up from 135,000 in September.
Goods-producing companies benefited strongly with 85,000 new jobs, 62,000 of which came from construction. Manufacturing also saw 22,000 positions added.
…In terms of business size, job gains were spread evenly, with companies that have more than 500 employees hiring 90,000 while those with fewer than 50 added 79,000.
What the above means is that these Trump-era jobs are being evenly spread among job creators great and small – EVERYONE is benefiting. This is in stark contrast to the Obama-era when the Middle Class was repeatedly hammered by economic policies that heavily favored giant corporations and the government sector.