MAGAnomics – August Private Sector Payroll Results Exceed Expectations…

ADP Payroll analysis for August reflects continued strong gains in the jobs market beating all expectations from the financial pundits.   The official government stats will be released tomorrow (private and public sector); in the interim the ADP payroll of private sector job creation shows that Main Street continues to be very strong.

(Reuters) U.S. private employers added 195,000 jobs in August, above economists’ expectations, a report by a payrolls processor showed on Wednesday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 149,000 jobs, with estimates ranging from 110,000 to 175,000.

Private payroll gains in July were revised down to 142,000 from an originally reported 156,000 increase.  The report is jointly developed with Moody’s Analytics.

The ADP figures come ahead of the U.S. Labor Department’s more comprehensive non-farm payrolls report on Friday, which includes both public and private-sector employment. (more)

CTH would advise not to place too much emphasis on negative ISM manufacturing order index statistics now that a complete U.S-Global trade reset is underway.

Right now global supply chains are in a state of flux as manufacturers are moving production based on tariffs and geopolitical issues.

As the component manufacturing is moving from one place to another; and as manufacturers evaluate their supply chain stability; there are going to be swings in purchase orders based on shifts in production facilities.  This is an expected dynamic that is necessary if President Trump is to succeed in pressuring product manufacturers to move operations.

The multinational Wall Street media will hype any downward component manufacturing fluctuation during this process, but the fluctuation itself doesn’t speak to any lessening of demand; merely shifted operations and shifting contracts (ie. purchase orders).

The internal U.S. economy is very strong.  It’s the U.S. companies, multinationals, that rely on external operations for their end-product production income that are tentatively positioned.

Main Street is thriving; Wall Street is in flux.  This is the exact opposite of two prior decades where Wall Street was thriving and Main Street was in flux.  Why?…

Because Trump!

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This entry was posted in Big Government, Big Stupid Government, Donald Trump, Economy, Election 2020, media bias, President Trump, Trade Deal, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

43 Responses to MAGAnomics – August Private Sector Payroll Results Exceed Expectations…

  1. Pedro Morales says:

    The Dow has also gained 1300 points since August 23 when the Dems and MSM were predicting/hoping for a recession. Another false narrative destroyed. The Trump boomerang is gonna sting. In fact, I think it hit Joe Biden right in the face. “Careful, the boomerang will shoot your eye out”– A Christmas Story

    Liked by 15 people

    • SwampRatTerrier says:

      Pedro, I was in line waiting to check out yesterday when the man in front of me answered a cell phone call offering employment.

      The short of it gathered from his relaying the call’s content to his wife who was with him was this.

      Another Job Employment Offer – for $14 an hour. I told them I already had a job now.

      Liked by 5 people

      • Pedro Morales says:

        Not a single story, article, or comment from the WAPO, NYT, CNN, MSNBC or the MSM about how the stock market is surging and the job numbers and wages are strong. NOT ONE!!! But they went 24/7 for 3 days predicting a recession and the end of Trumps re-election chances. Every 300 point loss of the Dow was “further evidence of economic uncertainty”. Not a single comment when the market began recouping the losses. And Trump played them like a fiddle. They claimed his tariffs and trade policy were causing a market crash any day now. Recession was around the corner and due next year in 2020. But POTUS give them a healthy dose of BS. He Kept tell them that China was coming to the table, talks were ongoing, expect a deal, blah blah blah. Their heads exploded. And just like always, it bit them in the rear. CNN is now covering Hurricanes!!! Yes, they are covering news!!! No Russia, No impeachment, No recession. CNN is going 24/7 with the Hurricane. Its like the 1980s again! Oh wait, they are now blaming climate change and Trump for the Hurricane. Something about golf. Nevermind…..

        Liked by 9 people

    • guybee55 says:

      The non-manufacturing ISM rose to 56 this month, despite the drop in the manufacturing ISM. This is a very positive indication the economy is doing quite well. The liberals want America to fail. We must remember, this is their Frankfurt School mission – to make us fail. They are using all of the Alinsky tricks to overwhelm and discourage Americans. Trump is among the few who are fighting for us. We must stand with him, or we will lose America.

      Liked by 4 people

  2. The companies that are ideally positioned now are those who don’t have to wait for their ship to come in. They’re the ones who are producing better(!) products, and producing them in the USA, which means they can nimbly ship their products to their competitor’s former customers by rail and truck. It’s simply an added bonus that fully-employed domestic workers can easily afford to buy this “better stuff,” and will be naturally inclined to do so.

    Liked by 6 people

  3. Socrates says:

    We must take action to stop this success. What will become of the country if we continue to improve the lives of our people.
    I know just the way to end these successes. VOTE DEMOCRAT

    Liked by 5 people

    • SwampRatTerrier says:

      Yes! And we must Save the Entire World just as the Leftist pretend to do.

      Cause this President Trump is improving citizens’ freedom and living All Around the World!!!!!!!!

      Liked by 4 people

  4. fangdog says:

    It is just common sense. If America’s treasury’s is the safest place in the World to store your money, doesn’t it make sense America is the safest place to do your business? It is not a coincidence America has the best economy among all Nations. You really do not have to be a genius to figure it out. Just believe what you see.

    Liked by 9 people

  5. scruffyleon says:

    But…but…but…the Recession!!! LOL

    Like

  6. TradeBait says:

    Russia, Resistence, Recession, Obstruction…wait, let’s try Stormy Climate Change, or maybe a Sodomite lecturing on sin, or Fauxcohontas channelling Al Gore with the world is dying, or Kamala’s say no to beef, or Biden’s Truth and What State Am I In, or Faux Hispanic saying anything, and on an on and on. Such a Circus of Stupidity. It’s as if the Tower of Babel has returned with the leftists.

    All of that for it all to still come down to Main Street versus Wall Street with We the People winning by electing and supporting a POTUS who will take action to preserve our nation while keeping promises.

    Liked by 4 people

  7. Harlan says:

    Unexpectedly!

    Like

  8. Never before have we had a President willing to publicly call out the Fed for the shenanigans they pull to manipulate our economy against the American people!!!
    “Truth is a force of nature”. President Donald J Trump- the greatest President of my life time.

    Liked by 7 people

  9. Robster says:

    Keep me in the skeptics column as long as manufacturing is now CONTRACTING. We’re relying on companies to relocated to the US, which they still may not do.

    Like

  10. Mike in a Truck says:

    Nancy Pelosi is being pressured by the crack pots on the left demanding she block the USMCA. They dont want PDJT to have a victory. So it’s up to us to put pressure on Nancy’s commie goons in the House by demanding to know why they want to destroy American jobs.

    Liked by 6 people

  11. ann says:

    Pressure “she [pelosi, i.e. Resisti] block the USMCA. They dont want PDJT to have a victory.

    To reframe, the DNC doesn’t want Americaan citizens to have a victory.

    Liked by 6 people

  12. Dave Hunter says:

    The longer the crazies stay in the 2020 Democratic party presidential race the farther and farther left the even slightly “moderate” candidates go. It’s like a contest to see who can burn down the party the fastest. MAGA!

    Like

  13. Dee Paul Deje says:

    Obama numbers downgraded. MSM: “Suprised”.
    Trump numbers upgraded. MSM: “Unexpected”.
    POTUS reminds me of Rodney Dangerfield in Back To School:

    Liked by 2 people

  14. bob says:

    Help wanted signs on virtually every restaurant and shop in our area. Bonuses offered for good paying entry level factory jobs. Employers complaining about the lack of potential hires. One of my developmentally disabled clients just walked into a restaurant and was hired on the spot to begin that day washing dishes and he says there are a heck of a lot of dishes because guess what, people are eating out spending their paychecks. I don’t know what it is like in your hood but it is go, go, go here!

    Liked by 3 people

    • SwampRatTerrier says:

      You said it Bob!!!!

      Help Wanted signs everywhere and those signs with things on them I’ve never seen on them before in my entire life.

      Many include the Wage Rater per Hour such as $12, or comment on them that they provide “Training!”

      Like

  15. donnyvee says:

    Given that the Chinese government is essentially a criminal enterprise, much like that of Russia, Cuba, Venezuela, etc., it seems to me that large fortunes can be (Are being) made by manipulating our stock market. Cause a dip by suspending negotiations. Buy low. Cause a rise by saying talks are back on. Sell high. Lather, rinse, repeat…

    Like

  16. willthesuevi says:

    That is some more outstanding news! President Trumps econ numbers are continually “exceeding expectations”.

    Much better than before when the latest numbers were always “revised down” a couple months later.

    Rush made a comment years ago. “If you really want to see the lefts “crazy” on display, wait until they are out of power”.

    What an understatement.

    Like

  17. scrap1ron says:

    But what about muh recession?

    Like

  18. Pristach says:

    I see this daily. I work on Main St for a manufacture and we cannot find enough quality workers to fill shifts.

    Many sectors of Main St are thriving. And still we are force fed recession talk daily.

    Like

  19. MVW says:

    I heard on NPR (brother was listening to it) and the person being interviewed was complaining about the lack of people to hire.

    To my simple mind the obvious solution is to slim down the Gruberment, reduce the Federal work force, stop all the tail chasing by paper pushers pushing other Gruberment paper pushers paper forms…..

    Make the Gruberment smaller and you will suddenly find there are many people that need work…

    Like

    • namberak says:

      As to what you overheard, I overhead something similar not staged through NPR. I was in the dentist’s waiting room yesterday morning. A woman with a youngster in tow was on her cell phone and had a notebook open on her lap, scribbling as she talked. She was more or less begging the person on the other end of the phone to take a drywalling job and lamented the dearth of available tradesman. At one point she said she had electrical, plumbing and landscaping work that needed doing and had three roof repairs that needed doing immediately and perhaps the drywaller would like them as well. I’m just an old retired phart but it almost makes me wish I was still working! 🙂

      Like

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