(National Sentinel) Economy: The Age of Trump continues to be good for the U.S. economy, as several additional financial factors were up again in October.
As reported by CNBC, the private sector added 235,000 new jobs last month, though analysts had only forecast a gain of 200,000. Last month’s figures are up from 135,000 jobs added in September.
“The job market rebounded strongly from the hit it took from Hurricanes Harvey and Irma,” Mark Zandi, chief economist of Moody’s Analytics, said in a statement. “Resurgence in construction jobs shows the rebuilding is already in full swing. Looking through the hurricane-created volatility, job growth is robust.”
The manufacturing and construction sectors showed strong gains as well, with 22,000 and 65,000 jobs respectively added last month.
The Minneapolis Star Tribune reported that manufacturing is making a strong comeback in the Midwest.
“Citing strong exports, hiring and faster ingredient deliveries, Midwest manufacturers reported their highest growth in four months in October, according to a widely watched economic report issued Wednesday by Creighton University,” the paper reported.
Airlines for America estimates a record 28.5 million people will fly U.S. airlines during the Thanksgiving holiday, thanks to a strong economy and low airfares.
“Low fares and increased availability of seats continue to make air travel widely accessible,” said John Heimlich, vice president and chief economist of Airlines for America, a trade group representing carriers.
If that happens it would be a 3 percent increase over 2016.
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