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The jobs market kicked off 2020 in grand fashion, adding 291,000 in private payrolls for the best monthly gain since May 2015, according to a report Wednesday from ADP and Moody’s Analytics.
“It’s juiced by very mild winter weather,” said Mark Zandi. “The fingerprints of that are all over this report.”
Leisure and hospitality and construction are both weather-sensitive and got boosts from the higher than normal temperatures and low precipitation.
Taking that into effect, Zandi said the underlying trend for monthly job gains is about half of the January report, or around 150,000, still enough to maintain the unemployment rate.
IOW, if it hadn't been for the nice weather, it would have been another so-so jobs report.
But the official one doesn't come out until Friday anyway.
We were suppose to be the best economy ever and then today conservatives are doing cartwheels because Trump finally matched Obama numbers......lol -- can't make this up
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