im satisfied with the Trump administration so far:
Private sector job growth rebounds to ‘rip-roaring’ pace in May, ADP says
Private-sector hiring surged in May, according to a report released Thursday.
Employers added a seasonally adjusted 253,000 during the month, payroll processor ADP said. Mark Zandi, chief economist for Moody’s Analytics, which helps produce the report, called job growth “rip-roaring.”
Small businesses added 83,000 jobs in May, medium-sized businesses added 113,000, and large firms hired 57,000 workers.
April’s job gains, originally reported as 177,000, were revised down to 174,000.
Underlying job growth is probably running at about 200,000 per month, Zandi said in a press conference Thursday. Since the job market is growing at a much slower pace — probably about 80,000 per month — the jobless rate will continue to fall, he said. A 4% rate is “dead ahead.”
Dow Jones Industrial Average Nabs Record Close Ahead of Jobs Report
Jones Industrial Average (DJIA) started the day trading in negative territory, but swung higher on big gains for UnitedHealth and Goldman Sachs stocks. At its session peak, the Dow came within 25 points of notching a new milestone, and ultimately settled at a record closing high.
Likewise, the S&P 500 Index ( SPX ) and Nasdaq Composite (COMP) managed to put fresh record highs in the books.
Read more:
http://www.nasdaq.com/article/dow-j...e-ahead-of-jobs-report-cm797672#ixzz4imqzG1aO