Elder Patriot – Earlier today CNBC announced January’s great jobs report.
Private payrolls grew in January at a much faster pace than expected as the labor market shrugged off the longest U.S. government shutdown in history, according to data released Wednesday by ADP and Moody’s Analytics.=
Companies added 213,000 jobs this month, the data show. Economists polled by Refinitiv expected payrolls to grow by 178,000.
The strong jobs growth comes even as the U.S. government was shut down for 35 days in a standoff between President Donald Trump and congressional Democrats over his demand for a wall along the U.S.-Mexico border.
WAT? Didn’t the propaganda media warn us that the 35-day shutdown was going to severely impact the economy? That’s another line of nonsensical misinformation that’s been stripped from Pelosi-led Democrats and their media allies.
Trump has once again reminded Americans that the Framers were right: Government jobs do not increase prosperity, they detract from prosperity.
“The job market weathered the government shutdown well. Despite the severe disruptions, businesses continued to add aggressively to their payrolls,” said Mark Zandi, chief economist at Moody’s Analytics. “As long as businesses hire strongly, the economic expansion will continue on.”
The breakdown is even more impressive as President Trump’s efforts to restore our Main Street economy is continuing to pay dividends:
Medium-sized businesses, those that employ 50 to 499 people, led the charge by adding 84,000 payrolls. Large businesses, which have at least 500 employees, expanded their head count by 66,000. Small businesses added 63,000 jobs.
Smaller enterprises, aka Main Street businesses, were responsible for just under 70% of the new hiring.
Ixnay, too big to fail!
“Our economy, right now, is the Gold Standard throughout the World.” @IngrahamAngle So true, and not even close!
— Donald J. Trump (@realDonaldTrump) January 30, 2019