The U.S. labor market continues to crush economists’ expectations for job creation in the Trump era.
On Wednesday, private payrolls data from ADP showed that 263,000 jobs were added to the U.S. private sector in March, topping expectations for a gain of 185,000. This marks the third straight month this series has topped expectations.
An uptick on participation is in-step with the main theme of the U.S. economy since Trump’s election, which is that confidence at the level of workers, consumers, and business owners is up. A continued increase in payroll gains above what “trend growth” might call for likely hinges on how much confidence Trump’s economic agenda continues to engender among American workers that had perhaps viewed themselves as out of the labor market for good.
http://finance.yahoo.com/news/u-s-labor-market-keeps-crushing-expectations-145607077.html
