BEATING EXPECTATIONS AGAIN – AT 2:53 P.M. ET:   Another sign of a roaring economy.  From CNBC: 

The new year got off to a strong start for job creation, with businesses adding 234,000 in January, according to a report Wednesday from ADP and Moody's Analytics.

Economists surveyed by Reuters had been looking for private payrolls to grow by 185,000.
Job creation was concentrated largely in service-related industries, which contributed 212,000 to the total.

Within that sector some of the better-paying industries showed solid gains: Trade, transportation and utilities led with 51,000, education and health services added 47,000 and professional and businesses services contributed 46,000. Leisure and hospitality services also grew by 46,000.

On the goods-producing side, manufacturing added 12,000 jobs while construction saw 9,000 new hires despite the traditionally slow month for the industry.

COMMENT:  The Republican argument for November should be a warning to voters that all this could end if the Democrats regain control of either house of Congress.

Already we see efforts by the political left in some states to negate the corporate tax cut by raising taxes on local corporations to help fill state treasuries.  Those targeted companies may then have to lay off workers, rather than hire them.  The Dems don't seem to have a problem with that.

January 31, 2018