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Valued Social Butterfly
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Jobs Market Is Heating Up

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The actual numbers will be out in the a.m. but ADP and Moody's has released their estimates today.  Per their estimates, the LARGEST payroll increase since December 2015.

 

I also heard on a market watch station today that the numbers could hit 300,000.

 

Hopefully, this means these jobs were at a rate higher than the minimum wage and perhaps they will even get Employer Sponsored Health care coverage and perhaps even a way to save for retirement since many people rely on their employer to cover these decisions for them.

 

Course this means the Fed will most likely raise interest rates perhaps even higher or more often than what was seemingly planned.  But that's not all bad since many seniors have been waiting for their CD rates to rise and they will shortly and incrementally.

 

CNBC 03/09/2017 - US Private Sector Created 298K Jobs in Feb. vs 190K est.: ADP

 

"Companies added jobs at a blistering pace in February, with a notable shift away from the service-sector positions that have dominated hiring for years, according to a report Wednesday.

 

Employment in the private sector surged by 298,000 for the month, with goods producers adding 106,000, ADP and Moody's Analytics said. Construction jobs swelled by 66,000 and manufacturing added 32,000.

 

The total shattered market expectations of 190,000, according to economists surveyed by ADP. The blockbuster report also solidified market expectations for the Fed to hike interest rates next week. Probability for an increase jumped to 91 percent after the release, according to the CME.

 

The report encompassed the first full month under President Donald Trump, who has pledged to rebuild the nation's aging infrastructure system."

 

READ MORE AT THE LINK -

* * * * * * It’s Always Something - Roseanne Rosannadanna
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