Monthly Jobs Update

The profits look to be strong in the month of May. The company ADP this morning predicted a rise of 253000 jobs added to the payroll.

This is a significantly stronger number than we have seen in recent times. A somewhat disturbing downward trend amid speculations that the US economy was slumping was quickly rebuked by these two strong months (April and May).

Amid tense times and speculation about the Trump administration, this allows most Americans to relax a bit. With the Paris Climate Agreement on the line, this could be the bright spot in many peoples' days.

There's no need to worry about the economy, with the only soft point being wage growth. This has consistently underperformed the expected results.

The Trump administration's talk about tax cuts and job growth has seemed to stimulate the job market, and add renewed vigor to the US being the leading economy around the globe.

Comments

  1. This is my first post, please give feedback :)

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    Replies
    1. Good job. Although, it could be longer. Overall, good word choice and interesting topic, but more info is wanted(from me at least).

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  2. yeah. I completely agree with Chantelle (I can't believe I'm saying this!)

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