Payrolls Grew by 291,000 in January

Private-sector employment grew by a whopping 291,000 jobs in January, according to data released Feb 3rd by ADP and Moody’s Analytics, surpassing the impressive 202,000 jobs reported last month. Goods producers added jobs in construction and manufacturing, while service providers experienced a large gain, led by leisure and hospitality. The Bureau of Labor Statistics will release its jobs and unemployment report for January on Feb 10th.

Business Optimism

This marks the 39th month in a row that payroll entries (jobs) have grown by more than 100,000. This streak began immediately after election day 2016.