Before taking office, Trump was already fulfilling his campaign promises, particularly the one to put Americans back to work.
Now, one month into his presidency, the former businessman with the Midas touch proves the “J” in Donald J. Trump stands for JOBS.
Trump’s Magic Wand: Feb jobs report – Private sector job growth explodes
All Trump jobs are private-sector. Because he’s frozen the growth of government. And you can bet once the private sector creates enough jobs, President Trump will likely start “decommissioning” the public sector.
The good news is these bureaucrats will have potential jobs.
Following Trump’s election win, major companies including Carrier, Ford, Softbank, US Steel, and now Alibaba pledged to return more than a million jobs (collectively) to America.
Alibaba executive chairman Jack Ma and Trump discussed the creation of one million new U.S. jobs alone, over the next five years.
“We had a great meeting, and a great, great entrepreneur, one of the best in the world. And he loves this country. And he loves China,” Trump said. “Jack and I are going to do some great things.”
Ford pledged job creation by keeping a production plant in Kentucky rather than relocating to Mexico.
“We are encouraged that President-elect Trump and the new Congress will pursue policies that will improve U.S. competitiveness and make it possible to keep production of [the Lincoln Navigator] here in the U.S.,” Ford said in a statement.
Trump has lowered the cost of doing business. Confidence soars as the 21st century Republican popularizes employing Americans again.
Thus, American companies added jobs at a blistering pace in February. We learned from ADP, employment surged by 298,000 in the private sector for the month. Economists said the total shattered market expectations of 190,000.
The report, derived from ADP’s payroll data, measures changes in total non-farm private employment monthly and encompasses the first full month of Donald Trump’s presidency. ADP hasn’t seen numbers like this in some time:
“February proved to be an incredibly strong month for employment with increases we have not seen in years,” Ahu Yildirmaz, vice president and co-head of the ADP Research Institute, said in a statement.
In January expectations were for 175,000 jobs. Yet Trump as President-elect and then president for the remainder of the month hit 246,000. Apparently, analysts didn’t believe in The Trump Effect, when they set the number in Feb at 190,000.
And here’s a shocker that rarely if ever happened in the Era of Obama. ADP revised the January numbers UPWARD to 261,000.
“Confidence is playing a large role,” Mark Zandi, chief economist of Moody’s Analytics, told CNBC. “Businesses are anticipating a lot of good stuff — tax cuts, less regulation. They are hiring more aggressively.”
New jobs were distributed fairly evenly by business size. Mid-size companies added the most: 122,000. Small firms added 104,000, and larger corporations added 72,000.
Trump’s record-setting pace defies critics and is making America happily employed once again. No fake jobs, and an employment index that relied on people to stop looking. President Trump is creating real high-paying jobs.