Great MAGAnomic payroll numbers were released the other day. ADP/Moody’s private payroll analysis shows 227,000 jobs gained in October, and September’s revised actual payroll numbers increased from 218k to 230k.
It is interesting to note that during this economic expansion under PDJT payroll numbers are consistently underreported. Almost every month numbers are revised upward from the previous month. In some cases the numbers were more than 40% off. This contrasts strongly with the Obama administration where numbers were often revised downward.
The ADP numbers reflect continued strong jobs growth in the private sector. Employment in this sector increased by 227,000 jobs in October. This exceeds analysts’ expectations of 189,000 new jobs. Again this is an area where the analysts have been consistently under the actual numbers.
It is also important to note that there are many more full-time jobs being created under PDJT’s administration.
In addition, private sector wages and salaries increased 3.1 percent for the 12-month period ending in September 2018. Again the contrast with the Obama administration is striking. Then, wage increases were non-existent and people were being conditioned to expect this as the new normal.
Now, the MAGAnomic economy is absorbing all available workers. The unemployment rate is now at 3.7 percent. Wage pressures have been building significantly since the 2nd quarter of 2018. Some sectors of the economy are seeing wage increases in the double digits if a severe lack of qualified workers exist.
American manufacturing is rising from the ashes of Obama’s attempt to turn the country socialist.
The Democrats want to go backward. They do not want the economy to succeed. If they return to power in Washington, we are sure to see blockage of economic programs that make all Americans prosper.
On November 6th we need to see that the President is able to continue to help all Americans succeed. We need to turn out of office those who believe that character assassination is a legitimate tool of a politician.