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January 04, 2018

Dow Hits 25,000 For First Time Ever as Employment Zooms

Yuge number. Yuge.

The climb from 24,000 to 25,000 was also the fastest 1000 point climb ever.

New job hirings beat expectations handily.

Private sector job creation surged in December as a strong holiday shopping season pushed companies to hire more workers, according to a report Thursday from ADP and Moody's Analytics.

Companies hired 250,000 new workers to close out the year, well above Wall Street expectations of 190,000. The month was the best for job creation since March and topped the 185,000 in November, a number that was revised lower by 5,000.

The total brought 2017's private payroll growth as gauged by ADP and Moody's to 2.54 million, an average of 212,000 a month.

Note it's private sector job gains leading the surge -- not government sector job gains, as frequently happened in Obama's few jobs-producing quarters.

An economic meal like this is best finished with a nice slice of fresh-baked ass.


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posted by Ace at 01:04 PM

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