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U.S. Companies Hire Most Workers in Over Two Years: ADP

DA60

DA60

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'U.S. companies added 263,000 workers in March, the most since December 2014, suggesting further tightening of the labor market, payrolls processor ADP said on Wednesday.

Strong job gains in the coming months will likely add upward pressure on wages, supporting the Federal Reserve's view for at least two more interest rate increases by the end of 2017.'

Access Denied


Thoughts?
 
DA60 said:
'U.S. companies added 263,000 workers in March, the most since December 2014, suggesting further tightening of the labor market, payrolls processor ADP said on Wednesday.

Strong job gains in the coming months will likely add upward pressure on wages, supporting the Federal Reserve's view for at least two more interest rate increases by the end of 2017.'

Access Denied


Thoughts?
Click to expand...

more good thingz trump did thankz prez!
 
Good report...enjoy it while it lasts...because it won't - guaranteed - - unless Trump overhauls the Fed (which it appears he won't do).

And in a few months or so - when the silly Trumpmania wears off - America will be back to stagnant growth, more crappy/temporary new jobs with the massive deficits/Fed balance sheets we have come to know under Obama.

The Fed runs the economy gals and guys...not the POTUS. All the latter can do - assuming they won't fight the Fed - is make the economy a little better and/or a LOT worse.

No doubt few of you realize this.
 
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As long as the government isn't regulating the provate sector to death, things will keep improving.
 
DA60 said:
Good report...enjoy it while it lasts...because it won't - guaranteed - - unless Trump overhauls the Fed (which it appears he won't do).

And in a few months or so - when the silly Trumpmania wears off - America will be back to stagnant growth, more crappy/temporary new jobs with the massive deficits/Fed balance sheets we have come to know under Obama.

The Fed runs the economy gals and guys...not the POTUS. All the latter can do - assuming they won't fight the Fed - is make the economy a little better and/or a LOT worse.

No doubt few of you realize this.
Click to expand...

Don't you mean when the Left gets back on their meds?
 
Good to hear. Confidence creates stimulus and growth, growth creates confidence. If this can help the U.S. economy improve I'll take it.
 
And illegal immigration is down 60 percent. Part and parcel.

Good news that should be sustainable.
 
A lot of this is based on trump getting regulations pulled back and pushing his new business friendly tax plan through.
you could see a huge turn if liberals decide to stop it and or keep it from being pushed on.
 
DA60 said:
'U.S. companies added 263,000 workers in March, the most since December 2014, suggesting further tightening of the labor market, payrolls processor ADP said on Wednesday.

Strong job gains in the coming months will likely add upward pressure on wages, supporting the Federal Reserve's view for at least two more interest rate increases by the end of 2017.'

Access Denied


Thoughts?
Click to expand...

The chart shows the regulatory hoops that companies need to jump through to build a highway. It's totally nuts. You cannot get anything done and you wind up spending a ton of money on non construction related expenses.

That's for a road. Try a reservoir! California has had the Sites Reservoir on the books for thirty years, and is just now getting started... maybe... if... Oops! I just checked, they are still looking for the endangered worm that is rumored to have set up camp around there. Still stalled...

Here is the story that is attached to the picture:
Trump summons aide on stage to display giant chart - Business Insider
Regulations.jpg
 
DA60 said:
Good report...enjoy it while it lasts...because it won't - guaranteed - - unless Trump overhauls the Fed (which it appears he won't do).

And in a few months or so - when the silly Trumpmania wears off - America will be back to stagnant growth, more crappy/temporary new jobs with the massive deficits/Fed balance sheets we have come to know under Obama.

The Fed runs the economy gals and guys...not the POTUS. All the latter can do - assuming they won't fight the Fed - is make the economy a little better and/or a LOT worse.

No doubt few of you realize this.
Click to expand...

Based on observation and a little reading : The anticipation/reality of rising interest rates will cause a brief surge in home buying. That will drop off as the rate rises push those at the edges of ability to buy out of the market. Fed driven activity...
 
chuckiechan said:
The chart shows the regulatory hoops that companies need to jump through to build a highway. It's totally nuts. You cannot get anything done and you wind up spending a ton of money on non construction related expenses.

That's for a road. Try a reservoir! California has had the Sites Reservoir on the books for thirty years, and is just now getting started... maybe... if... Oops! I just checked, they are still looking for the endangered worm that is rumored to have set up camp around there. Still stalled...

Here is the story that is attached to the picture:
Trump summons aide on stage to display giant chart - Business Insider
View attachment 67215978
Click to expand...

Have you found a picture of the chart that is legible? I'd bet money that it's not accurate. I think Trump knows his supporters will be happy with a chart as long as it looks like a chart and could care less what's actually on it.
 
DA60 said:
'U.S. companies added 263,000 workers in March, the most since December 2014, suggesting further tightening of the labor market, payrolls processor ADP said on Wednesday.

Strong job gains in the coming months will likely add upward pressure on wages, supporting the Federal Reserve's view for at least two more interest rate increases by the end of 2017.'

Access Denied


Thoughts?
Click to expand...


You mean like "making America great again"?
 
roughdraft274 said:
Have you found a picture of the chart that is legible? I'd bet money that it's not accurate. I think Trump knows his supporters will be happy with a chart as long as it looks like a chart and could care less what's actually on it.
Click to expand...

Trump has no freakin idea what the chart means. None. But they did let him color in the boxes during commercials while watching Fox. He's proud of his coloring work.
 
Trump's job numbers are positive so far. Will they continue to be forever? I have doubts.
 
roughdraft274 said:
Have you found a picture of the chart that is legible? I'd bet money that it's not accurate. I think Trump knows his supporters will be happy with a chart as long as it looks like a chart and could care less what's actually on it.
Click to expand...
It's probably accurate. Trump can't fart without having it analyzed to see if he was truthful about what he had for dinner last night.

Having a career in the contracting business, I can tell you it's pretty accurate. We used to build things and we used to create wealth in mining, ranching, farming, construction, etc. Now, we do government employment, academia, lawyering, and writing new regulations every day.
 
Porkuloss said:
Based on observation and a little reading : The anticipation/reality of rising interest rates will cause a brief surge in home buying. That will drop off as the rate rises push those at the edges of ability to buy out of the market. Fed driven activity...
Click to expand...
As exclusively relating to home buying, yes you are right.

But the continued jobs growth through the Obama administration until now, is a very welcome thing! Whether anyone wants to admit it - or not - the economy is heating up. The Fed is predicting two more rate increases this year. The good news is rates are still historically relatively low.
 
rocket88 said:
Trump's job numbers are positive so far. Will they continue to be forever? I have doubts.
Click to expand...
Actually, those are still Obama's numbers. At over a year - maybe 18 mos out - we'll then see the real Trump numbers enough to make a call. Employment lags the economy by 2-3 quarters.
 
Chomsky said:
As exclusively relating to home buying, yes you are right.

But the continued jobs growth through the Obama administration until now, is a very welcome thing! Whether anyone wants to admit it - or not - the economy is heating up. The Fed is predicting two more rate increases this year. The good news is rates are still historically relatively low.
Click to expand...

True, and agreed.

I also think that the Trump admin's deregulation push will temporarily cause some hiring to take place. Then we'll have a few Love Canals and 3 Mile Islands to deal with and the pendulum will swing again. Over-reach always gets you punched in the face - because you stuck you head out.
 
Chomsky said:
Actually, those are still Obama's numbers. At over a year - maybe 18 mos out - we'll then see the real Trump numbers enough to make a call. Employment lags the economy by 2-3 quarters.
Click to expand...

We'll see. I didn't feel like fighting over whose numbers they were, because some will automatically put positive numbers in the Trump column for partisan reasons.

We'll see what the numbers are in a couple of years.
 
Porkuloss said:
True, and agreed.

I also think that the Trump admin's deregulation push will temporarily cause some hiring to take place. Then we'll have a few Love Canals and 3 Mile Islands to deal with and the pendulum will swing again. Over-reach always gets you punched in the face - because you stuck you head out.
Click to expand...
The trouble is: It will likely take decades before we see the true devastation caused by rolling back the regs ...
 
rocket88 said:
We'll see. I didn't feel like fighting over whose numbers they were, because some will automatically put positive numbers in the Trump column for partisan reasons.

We'll see what the numbers are in a couple of years.
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I can well respect your thoughts, here.

[But that rarely stops me from arguing my points before the general forum! :mrgreen:]
 
DA60 said:
'U.S. companies added 263,000 workers in March, the most since December 2014, suggesting further tightening of the labor market, payrolls processor ADP said on Wednesday.

Strong job gains in the coming months will likely add upward pressure on wages, supporting the Federal Reserve's view for at least two more interest rate increases by the end of 2017.'

Access Denied


Thoughts?
Click to expand...

Interesting, but I still haven't come to any conclusion on whether ADP or BLS are more accurate. Their numbers seem to always be very different. Just judging by history I wouldn't be surprised to see BLS report a number closer to 180k.
 
DA60 said:
Good report...enjoy it while it lasts...because it won't - guaranteed - - unless Trump overhauls the Fed (which it appears he won't do).

And in a few months or so - when the silly Trumpmania wears off - America will be back to stagnant growth, more crappy/temporary new jobs with the massive deficits/Fed balance sheets we have come to know under Obama.

The Fed runs the economy gals and guys...not the POTUS. All the latter can do - assuming they won't fight the Fed - is make the economy a little better and/or a LOT worse.

No doubt few of you realize this.
Click to expand...

And you base your predictions on what? Hope? Ideological imperative?

The most compelling numbers relate to the increase in solid goods producing jobs.

While I agree the Fed is a problem, the slight upticks in interest rates already passed have not been a problem for the economy.
 
chuckiechan said:
Why do you think he doesn't?
Click to expand...

There's not a chance Trump understands it. Can you imagine trying the explain the chart to him while you bloody well know that he knows next to nothing about the information and data represented by the chart?

Stupid stays stupid.
 
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