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Yesterday’s ADP employment report was a total blockbuster and we need to give some of the credit to the newly elected President of the United States; Donald Trump who has held meetings with several US companies even before his inauguration and was successful in making them not leaving the country and adding jobs. We would lay out several charts,
- The total number of jobs added in the economy as per the ADP payroll report was at 298,000 in February which is the highest since April 2014. (Chart 1)
- The number of jobs added in the goods-producing sector was 106,000 in February, which is the highest since at least 2002 (when comparable records began). (Chart 2)
- The number of jobs added in the manufacturing sector was 32,000 in February, which is the highest since April 2012. (Chart 3)
- The number of jobs added in the construction sector was 66,000 in February, which is the highest since at least 2002 (when comparable records began). (Chart 4)
