REPORT: Private payrolls boom in July rising above estimates
As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by CNBC:
Private payrolls in the U.S. increased by more than expected last month as companies get a boost from lower corporate taxes, ADP and Moody’s Analytics said Wednesday.
Jobs in the U.S. increased by 219,000 in July, while economists polled by Reuters expected a gain of 185,000. July’s job gains were the best since February, when 241,000 jobs were added. Jobs growth for the previous month was also revised up to 181,000 from 177,000.
The article goes on to state the following:
“The job market is booming, impacted by the deficit-financed tax cuts and increases in government spending,” said Mark Zandi, chief economist of Moody’s Analytics, in a statement. “Tariffs have yet to materially impact jobs, but the multinational companies shed jobs last month, signaling the threat.”
To weigh in on this information provided by CNBC, engage in our LIVE CHAT below. Scroll down.
DML News offered you the above information as part of our ongoing effort to educate and inform people around the world. You can obtain additional information by visiting CNBC
Trending on DML News
- REPORT: New details emerge on judge who upheld subpoenas on Trump’s bank records
- BREAKING: Lone Republican blocks House passage of disaster relief bill
- REPORT: Calif. Senate passes humongous spending plan that would expand benefits to people in U.S. illegally
- REPORT: House Intelligence enjoys breakthrough with Justice Department
- VIDEO: Lindsey Graham predicts Dems’ reaction to declassification of documents on Trump campaign surveillance
- REPORT: Trump, Pelosi wage Twitter war over ‘stammer’ video
- REPORT: Meteorologist fact-checks Ocasio-Cortez after her bizarre claim about tornado
- REPORT: Suspected illegal immigrant accused of impregnating 11-year-old girl [VIDEO]
- REPORT: Twitter permanently bans two famous Trump antagonists
- REPORT: Harvey Weinstein reaches massive deal to settle sex assault civil suits