Trump Effect: ADP Employment Surges Near Most In 6 Years On Record Goods-Producing Job Gains

Wednesday, March 8, 2017
By Paul Martin

by Tyler Durden
ZeroHedge.com
Mar 8, 2017

Following January’s surge in employment (biggest gain in 7 months), February’s ADP print exploded higher to 298k (5 sigma above all expectations). This is the third biggest monthly employment gain of the expansion. It appears the ‘Trump Effect’ is the biggest driver as the ADP payroll surge was mostly due to a record surge in employment for goods-producing industries.

Private sector employment surged by 298,000 for the month, with goods producers adding 106,000. Construction jobs swelled by 66,000 and manufacturing added 32,000.

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