In the tumult of the last few days this headline seem to slipped below the radar, as they say.
Certainly things are popping here in southwest Florida. We had guests for the last several days, and they remarked on the ongoing construction everywhere. Someday it will top out. These things do. (They had topped out when we bought our house in 2008. Many construction sites lay vacant for years.) But right now interest rates are low, funding is ample, demand is rising.
Businesses in the United States added 291,000 workers to private payrolls, according to a report Wednesday from ADP and Moody’s Analytics.
The figure represents the strongest gain in five years and was far above the 150,000 forecast.
The figure represents the strongest gain in five years and was far above the 150,000 forecast.
This suggests hiring was especially strong in December, which was revised down 3,000 to a still solid 199,000.
Through much of the country, January was unusually warm and mild, which likely boosted hiring in some sectors, such as leisure and hospitality and construction. Leisure and hospitality added 96,000 jobs in the month. Construction added 47,000, according to ADP/Moody’s.
Manufacturing, where hiring was weak for much of last year, added 10,000, the most since February 2019.
Through much of the country, January was unusually warm and mild, which likely boosted hiring in some sectors, such as leisure and hospitality and construction. Leisure and hospitality added 96,000 jobs in the month. Construction added 47,000, according to ADP/Moody’s.
Manufacturing, where hiring was weak for much of last year, added 10,000, the most since February 2019.
Hopefully after November there will be a fair number of Democrats available for employment in the private sector.

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