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August 01, 2018

New Hires Rise by 219,000, Blowing Away Estimate of 185,000

Cowbell?

Or, as Senorita Hayes might call it, la campanilla de vaca.

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."

Medium-sized businesses, which employ 50 to 499 people, added the most payrolls in July as they created 119,000. Larger businesses, meanwhile, expanded their payrolls by 48,000. Small businesses, which employ one to 49 people, say payrolls grow by 52,000.

Still not tired of ganar.


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posted by Ace of Spades at 06:18 PM

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