MAGAnomics – ADP Private Payrolls: 219,000 Jobs Gained, 23,000 More Manufacturing Jobs…

The ADP national employment report is a monthly measure of the change in total U.S. nonfarm private employment derived from actual, anonymous payroll data of companies served by ADP. The report measures approximately 24 million U.S. workers along with employment trends in collaboration with Moody’s Analytics.

For July 2018, ADP has calculated payroll increases of 219,000 new jobs including 23,000 more manufacturing jobs created as an outcome of a resurgence in manufacturing and goods-producing industries. In the last 19 months, the U.S. has added 836,000 manufacturing jobs.  [For contrast: in the 19 month period preceding President Trump’s MAGA-Magic-manufacturing growth, only 26,000 manufacturing jobs were created.]

(Via CNBC) 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.

Jobs in the U.S. increased by 219,000 in July, while economists polled by Reuters expected a gain of 185,000. 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 Mark Zandi, chief economist of Moody’s Analytics, in a statement. “Tariffs have yet to materially impact jobs, but the multinational companies shed jobs last month, signaling the threat.” (more)

Overall Blue and White Collar job gains are very strong. In the aggregate the supply chain for all goods-producing industries are struggling to keep up with demand as the economy continues to expand due to America-First growth and investment. A good problem to have.

The trade and transportation sector added 21,000 jobs; a direct response to the need for material shipments and factory replenishment.   Raw materials (inbound) and finished goods (outbound) all lead to an increase in transportation jobs.

The jobs growth is across all business sizes: small (1-49 employees); medium (50-499)  and large business (500+) are all seeing growth in jobs:

Here’s the ADP report:

.

It is worth noting the jobs sectors with the largest gains are also the sectors with the fastest rising wages.  Obviously the correlation does not need to be explained:

(link to wage growth data)

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This entry was posted in Big Government, Donald Trump, Economy, Election 2018, energy, Environmentalism, EPA, media bias, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

109 Responses to MAGAnomics – ADP Private Payrolls: 219,000 Jobs Gained, 23,000 More Manufacturing Jobs…

  1. L4grasshopper says:

    This is better than it appears, since it’s occurring during a time period of record low unemployment rates.

    Which means that the economy is drawing people back into the workforce. So pay attention to the “labor participation rate” on Friday.

    Liked by 14 people

    • LDave says:

      The liberals’ days of screaming “stagnant wages” are numbered. With unemployment so low, wages must eventually rise.

      Liked by 8 people

      • Rhoda R says:

        If we can clear the illegal-work-for-peanuts people out the wages wouldn’t be so ‘stagnant’ either.

        Liked by 8 people

      • GB Bari says:

        LOL! You are probably correct. However, the Leftwing Progressives* will replace stagnant wages with something else and keep on screaming. 🙂

        *these days real “Liberals” are either gone or in the extreme minority. I’ve learned over time that classic American Liberals, while not conservative, really weren’t nearly as obnoxious and dangerously unhinged as todays hard Left Progs.

        Liked by 1 person

    • JAS says:

      There is one caveat though. My daughter works for ADP. I called her to congratulate her and she was aware of the number. But, she said those numbers do not reflect the people that went into retirement. She said that number was high for this month as well….

      Liked by 2 people

      • JAS says:

        That said, she also mentioned that ADP is hiring like crazy right now to keep up with the increased load. My daughter has to work an average of 5 hours overtime a week just to keep up with the increased workload. The news are GOOD!

        Liked by 2 people

      • Her logic sounds backward:

        219,000 Jobs GAINS
        … NET of a surge in Retirements
        Means FAR MORE Job GAINS before deducting Retirements to get the 219,000!

        Like

        • JAS says:

          I might have misinterpreted what she said but my impression was the the number was NOT “net of retirements”. I might be wrong…

          Like

        • MS Idaho says:

          probably unanswerable – i wonder how many ‘gummit’ workers quit to get a better paying job in their field of expertise?

          Like

          • Are they upscalable?

            Like

          • … recognizing that upskillable would be irrelevant.

            Like

            • MS Idaho says:

              as an ex ‘gummit’ employee (from long ago) i am here to tell you I worked alongside any number of folks who were there because they could not ‘make it’ outside. Just wondering if the higher wages might be an incentive for them to ‘go back’ to whatever they were doing ‘before’. Win Win – fewer ‘gummit’ employees, more honest taxpaying jobs. One can hope, right?

              Like

              • How many figured it out like you?

                Not much hope for those who couldn’t or wouldn’t want to. 😉

                Liked by 1 person

                • MS Idaho says:

                  ‘My Circle’ included folks in the flying business – pilots, and mechanics for instance. Of course, that was during the 1970’s (I found a new career after that) My imagination tells me that when times are difficult in a business if you can get any job you take it. Ah, but if you can go back to flying, it’s the greatest. I imagine many government jobs employ people with unique skills (other than lawyers – haha) who would leave for higher pay, bonuses and perks. Just say’n

                  Like

                • Problem is, government may well pay MORE!

                  Like

  2. MakeAmericaGreat says:

    “Tariffs have yet to materially impact jobs, but the multinational companies shed jobs last month, signaling the threat.”

    …and that’s why the Koch Brothers and their ilk are freaking out and saying they won’t back (MAGA) Republicans.

    Main Street. All about Main Street. Sorry Wall Street and Globalists.

    Liked by 17 people

  3. doit4atlas says:

    WINNING!

    Liked by 5 people

  4. wolfmoon1776 says:

    Those new numbers versus immediately pre-Trump are STARK.

    Russia-colluding China-gimp “More Flexibility” Obama was REALLY holding us back.

    I WONDER WHY!

    Liked by 16 people

  5. Curry Worsham says:

    Liked by 9 people

  6. jmclever says:

    WOW!!! That is more than a 3000% increase!!

    Liked by 5 people

  7. Greg1 says:

    The growth in manufacturing, by the Grace of God, and Donald Trump is astounding.

    For those freaked out liberals wanting to say it’s due to Obama……..

    Obama DESTROYED that argument, on video, when he said the manufacturing jobs were not coming back and asked what kind of magic wand Trump had.

    Obama had/has nothing to do with the MAGAnificent increase in manufacturing jobs.

    He didn’t think they would ever come back………and said as much.

    I absolutely love it when liberals advance self defeating arguments.

    Liked by 11 people

  8. JonS says:

    and yet the markets are at best “mixed” today. WS bastards!

    Liked by 1 person

    • DJ says:

      It’s not the only piece of news – there are other factors, yes?

      Liked by 1 person

      • jbowen82 says:

        Yes. The Fed is almost certainly going to raise rates 1/4 point in September and again in December. That raises the future cost of funds, which depresses stock prices as equities are a forward-looking indicator.

        Like

    • MAGADJT says:

      We are in one of those periods where good news is bad news for the markets. There are lots of multinational companies on the stock exchange, and those companies have set up their entire business models based on the rule that the United States will continue to export our wealth and economic infrastructure. That business model is not as promising under MAGA-nomics.

      Liked by 3 people

  9. Lucille says:

    TRUMPS ECONOMIC RENAISSANCE
    Star Parker rips Paul Krugman for his description of 2nd-quarter growth
    https://www.wnd.com/2018/07/trumps-economic-renaissance/

    Liked by 2 people

  10. Bill says:

    Winnamins to Winfinity!

    Liked by 6 people

  11. TMonroe says:

    “In the last 19 months, the U.S. has added 836,000 manufacturing jobs. [For contrast: in the 19 month period preceding President Trump’s MAGA-Magic-manufacturing growth, only 26,000 manufacturing jobs were created.]”

    Priorities…

    Liked by 5 people

  12. Tony in LA says:

    We need to impeach this guy STAT! /s

    Liked by 5 people

  13. Mercenary says:

    Sundance, this could be a weird question, but what’s a job title or industry where one would work with this kind of stuff? I.e, where you are predicting and forecasting big macro economic stuff on a big level.

    Liked by 1 person

    • ktr says:

      Doesn’t get any bigger than Greenspan: During his economics studies at New York University, Greenspan worked under Eugene Banks, a managing director at the Wall Street investment bank Brown Brothers Harriman, in the firm’s equity research department.[19] From 1948 to 1953, Greenspan worked as an analyst at The National Industrial Conference Board (currently known as The Conference Board), a business- and industry-oriented think tank in New York City.[20] From 1955 to 1987, when he was appointed chairman of the Federal Reserve, Greenspan was chairman and president of Townsend-Greenspan & Co., Inc., an economics consulting firm in New York City,

      Liked by 1 person

    • Private Industry, Per Sundance:
      Deutsche Bank was “leading the pack” by stepping outside-the-box.
      The rest are mental laggards.

      Government:
      President Trump’s Wolverines are INNOVATING ECONOMIC GOVERNANCE.
      Cabinet Contributors ALL to MAGAnomics as stars in their own right!
      White House Economic Advisor Hassett is racing to “predict MAGAnomics”.
      Council of Economic Advisors is “advocating and vetting options for Winning”.

      Is this a dream or just another day living the MAGAnomics Miracle!

      Liked by 1 person

  14. MAGADJT says:

    “The job market is booming, impacted by the deficit-financed tax cuts and increases in government spending,” said Mark Zandi, chief economist of Moody’s Analytics, in a statement. “Tariffs have yet to materially impact jobs, but the multinational companies shed jobs last month, signaling the threat.”

    The phrase “Deficit financed tax cuts” assumes that if you cut a dollar in taxes then the govt has to borrow that dollar. No. The pie is not static, it is growing. We ran trillion dollar deficits at the old tax rates for goodness sakes.

    Nice backhanded way to explain an obviously positive report.

    Liked by 3 people

  15. john edward lorenz says:

    So Zandi calls the tax cuts deficit financed. How was his boy Obama’s “stimulus” package financed? The tax cuts were a bet on America and the private sector to establish and maintain a growth period Zandi’s boy Obama couldn’t and didn’t achieve. It really was a last chance to try and right the economy. Next, controlling spending

    Liked by 4 people

  16. Donna in Oregon says:

    Sorry Obummer, what is that you say about MAGAnomics?

    Abracadabra…..it’s magic. snicker

    Liked by 5 people

  17. MsB says:

    It’s almost ridiculous to compare the last president with Our now President, but it sure is fun to contrast the two. Fantastic numbers!

    Liked by 3 people

  18. Wayne Robinson says:

    Makes no difference what AFL-CIO fat kats do or say , President Trumpwas right when he said rank and file union members are with him . I been union myentire lifetime and i reregistered as Republican to vote Trump in Primary knowing the entire shit hole of California or majority would support that lying whore Hillary . But more union members are getting behing the MAGA train every day . You will see first mid-term then 2020 . Americans are notdumb and trye Americans are not Marxist Socialist . My God even a damn dog can learn .

    Liked by 3 people

  19. ‘[T]the multinational companies shed jobs last month….’ Just as Sundance has been saying. Main Street is winning, Wall Street is losing.

    Liked by 5 people

    • sickconservative says:

      Yes and Sundance hit it perfectly with Mainstreet verse Wall street.
      Self employed twenty nine year and definitely mainstreet.
      Love winning.

      Like

  20. Dutchman says:

    To paraphrase, and adapt both to midterms, and MAGASPEED, Reagan’s famous reelection slogan;
    “It really boils down to ONE question;
    Are you better of now, than you were 2 years ago?”
    Are you, your family, neighbors and coworkers better off , are you more secure, financially (jobs), in terms of physical security (gangs and norks)?
    And, are you and yours more OPTIMISTIC about your future?”

    If yes, vote R. If not, than by all means, vote for the other party. It really is as simple as that!

    Liked by 2 people

    • Conservativeinny says:

      I’ve been voting R my entire life and plan to continue to do for the foreseeable future. I can only answer to yes to the last one. Please don’t paint everyone with such a broad brush.

      Like

  21. bosscook says:

    Well, in our own manufacturing business, employment since the election has doubled (we now have 40 full time employees as opposed to Obama era 20 on a good month)…plus, we’re doing bonuses. Our employees are optimistic, and I see new trucks in the parking lot. They are happier and more productive. And our problem come-to-work-half-drunk-but-great-guy-we-just-couldn’t-fire employee has sobered up and is working overtime. I love these numbers, but the real change I see is so multi-layered. Happy people. And that you can take to the mid-terms.

    Liked by 8 people

  22. magatrump says:

    Thank God for President Trump. Obama tried to destroy our country. Praise Jesus for the election of President Trump.

    Liked by 1 person

  23. clive hoskin says:

    And the”Sheeple”will vote for THEIR slaughter!!!!

    Like

  24. Katherine McCoun says:

    economics question: “rising wages” means increase in pay for the same job at the same education/experience level or that the average of all jobs is rising because better jobs are opening?
    Or a combination of both?

    Is it the average of all jobs is showing an increase or that companies are paying more for same exact position? Is the average going up because of manufacturing jobs increase?

    Like

  25. “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.”

    This has been their opening statement since the tax cuts.

    Like

  26. One effect that has not be mentioned is the leverage of money being brought into the economy by new jobs/employees. Maybe there is an economist here that can explain dollar leverage (or whatever the technical term is), but it sort of goes like this. If you pay someone a $1 through leverage it has the effect of $20, because part of that $1 goes to the baker for bread, and part of that dollar goes to the butcher for meat, and part of that dollar goes to the grocer for food, and part of that dollar to merchant for clothes, etc. In the end, that $1 has the impact on all these other economies who in turn spend their own $1…. hence result in increased revenues for all.

    Like

  27. Me says:

    “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.”. But Pelosi said that the rich companies were using the tax cuts to light their cigars and not using it on employees.

    Like

  28. zooamerica says:

    Remember this?

    Like

  29. LibertyONE says:

    Some of Obungos famous last words….”but, but, but, ah, ah, ah, these jobs are NEVER coming back”. From an freakin IDIOT who could not drive a garbage truck, no less load one!

    Like

  30. letty bromenschenkel says:

    when lightning strikes the DEMS
    watch Mike Rogers and Eric Prince
    Mueller is terrified of them

    Like

  31. TigerBear says:

    And yet we have this on ZeroHedge……No wonder Americans feel like ping pong balls being smacked about by the media. This article screams doom and gloom. 🙄

    Note how the author didn’t take into account how many of these homeless are illegals or any other variables.
    https://www.zerohedge.com/news/2018-08-01/number-americans-living-their-vehicles-explodes-middle-class-collapses

    Like

  32. KeithInTampa says:

    Yo Sundance?

    Where are you getting the statistic “836,000 manufacturing jobs added in the last 19 months”?
    After posting the article in a contentious Moonbat Facebook Group; I was called out on the figures. Looking at BLS and ADP data, it appears that 196,000 manufacturing jobs were added in 2017, and through June of 2018, another 285,000 manufacturing jobs were added. Still really good news, and worthy of high praise, BUT NOT 836,000 manufacturing jobs!

    I cite you a lot; I’m one of your biggest defenders! Accuracy is nevertheless important!

    If I’m missing something, then by all means please point out what it is that I’ve overlooked!

    Like

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