STONEZONE (Roger Stone) - Trump Blows Past Jobs Forecast With 162,000 Hires as Factories Keep Adding
Friday’s jobs report showed the labor market rebounding more sharply than expected. Payrolls rose by 162,000 in August, well above the consensus forecast of about 55,000 to 65,000. Unemployment held at 4.1%. The Bureau of Labor Statistics reported that private payrolls rose by 127,000. Additionally, Government employment rose by 35,000, driven largely by a 42,000 […] The post Trump Blows Past Jobs Forecast With 162,000 Hires as Factories Keep Adding appeared first on StoneZone .
Friday’s jobs report showed the labor market rebounding more sharply than expected. Payrolls rose by 162,000 in August, well above the consensus forecast of about 55,000 to 65,000. Unemployment held at 4.1%. The Bureau of Labor Statistics reported that private payrolls rose by 127,000. Additionally, Government employment rose by 35,000, driven largely by a 42,000 rebound in local government education after a drop the month before. Food services and drinking places added 59,000 jobs. Manufacturing added 16,000. Construction added 22,000. The information sector lost 23,000 jobs. White House spokesman Kush Desai called the report evidence that “America is in the middle of a historic investment boom” and that reindustrialization is…Open