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Thursday, May 02, 2019

Private Payrolls Grew Last Month by 275,000 in Biggest Increase Since July; 'Unexpectedly!'

Experts predicted private payrolls to grow only by 177,000. Tell me again why we listen to 'experts?' And at what point does 'unexpectedly' mean you simply suck at economics?


More good news against the din of derangement from Fred Imbert at CNBC: "Overall, medium-sized businesses, those that employ 50 to 499 people, led the way in jobs creation last month by adding 145,000 jobs. Jobs within small businesses, meanwhile, increased by 77,000 while large companies hired 53,000...

Wednesday’s report came after the Commerce Department said last week the economy grew by 3.2% in the first quarter on an annualized basis. That was the best start to a year since 2015. The official jobs report for April from the government will be released Friday."

Related: Will the Trump economy doom the Democrats?

They've already doomed themselves. This is simply a third scoop of ice cream for the rest of us.