Trump is still creating jobs and the unemployment rate is going down. Our friends over at ADP say that 365,000 NEW private sector jobs were created. They were looking for higher numbers since the September numbers were revised ( 735K ) upwards. Bottom line is that new jobs are still being created.
We have this from our friends at Accounting Today.
Small businesses added 114,000 jobs last month, including 63,000 in businesses with between one and 19 employees, and 51,000 in companies with between 20 and 49 employees. Medium-size businesses with between 50 and 499 employees gained 135,000 jobs in October. Large businesses added 116,000 jobs, including 32,000 in companies with between 500 and 999 employees, and 83,000 in corporations with 1,000 employees or more.
The service-providing sector added 348,000 jobs in October, including 60,000 in professional and business services such as accounting and tax preparation, and 6,000 in financial activities such as banking. The goods-producing sector added 17,000 jobs, including 7,000 in construction and another 7,000 in manufacturing. Franchise employment increased by 49,600.
U.S. Bureau of Labor Statistics reports its jobs numbers on Friday, Some economists say the numbers will only be 200,000. Some economists say as high 575,000.
