Job Creation, Wages Up

 

Speaking of "feels" vs. real, check out this reality:

Private-job creation burst to its highest level in more than a year during October, despite a devastating storm season in the Southeast and major labor disruptions, ADP reported Wednesday.

The payrolls processing firm said companies hired 233,000 new workers in the month, better than the upwardly revised 159,000 in September and far ahead of the Dow Jones estimate for 113,000. ADP said it was the best month for job creation since July 2023.

“Even amid hurricane recovery, job growth was strong in October,” ADP chief economist Nela Richardson said. “As we round out the year, hiring in the U.S. is proving to be robust and broadly resilient.”  [snip]

... In addition to hiring rising, wages grew 4.6% from a year ago.

Moreover, gains were widespread. Leading sectors included education and health services (53,000), trade, transportation and utilities (51,000), construction and leisure and hospitality, which added 37,000 apiece, and professional and business services, which contributed 31,000...

This is what you get in a Democratic economy, responding to Democratic initiatives like the Infrastructure Investment and Jobs Act and Inflation Reduction Act of 2022.  Or you could get the Malignant Loser's economy- killing tariffs, higher prices, soaring inflation, and mass deportations.  Tough choices!