OUR BLOG

Boom, Goes The Economy! CNBC Reports 253K New jobs added in May

2017.06.01 //

June 1, 2017….Jeff Cox from CNBC reports bigger than expected growth in new jobs for May, well above expectations and well above Aprils 174K newly added jobs.

Job creation surged in May thanks to a jump in construction positions and a boom in professional and business services, according to a report Thursday from ADP and Moody’s Analytics.

Private payrolls increased by 253,000, well ahead of expectations. Economists surveyed by Reuters expected the report to show that private payrolls grew by 185,000 in May from 174,000 in April.

The growth “is three times the rate of the growth in the underlying labor force,” Mark Zandi, the chief economist at Moody’s Analytics, told CNBC. “So that means the unemployment rate, which is 4.4 percent, is quickly headed to 4 percent. This labor market is rip-roaring and getting really tight.”

According to the article Construction was one of the largest to see growth. Over 1,199,000 New Jobs have been added since January 2017.

Trimex Outdoor, Inc. reaches these newly added workers on site when they are not exposed to other mediums. See below.

Trimex Outdoor Tim Cuny CEO, was quoted. “Our Lunch Trucks target Blue Collar Workers at their places of employment while they take a break and eat.”

With America going back to work, now is the time to utilize Lunch Trucks more than ever to offer goods, services and take the experience to the next level…The Work Place!

Trimex Outdoor is the Nation’s leader in Lunch Truck Advertising. For more information about this blog, contact tim@trimexoutdoor.com. 760-716-5585

Comments are closed.