The American economy roared to life under President Trump and the Republican-controlled Senate in April; posting major gains last month as private payrolls “surged” by over 275,000 new jobs across the country.
“The U.S. economy added far more jobs than expected in April as payrolls in the services sector grew by the most in more than two years,” reports CNBC. “Private payrolls grew by 275,000 last month, the biggest increase since July, when they expanded by 284,000. Economists polled by Dow Jones expected private payrolls growth of 177,000.”
“The job market is holding firm, as businesses work hard to fill open positions,” said a leading economist at Moody’s Analytics. “The economic soft patch at the start of the year has not materially impacted hiring. April’s job gains overstate the economy’s strength, but they make the case that expansion continues on.”
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