Job-Creation Machine Comes Back to Life

“Economists had written off the great American job-creation machine. Now, it is revving back to life,” the Wall Street Journal reports.

“Hiring has surged this spring, with employers adding more than half a million jobs between March and May. Factories, restaurants and city halls have all shifted into hiring mode, a pivot from last year, when the healthcare industry almost single-handedly propped up job creation.”

“The momentum is a sea change from last year, when hiring was weak in many sectors. Many companies reported then that the economic outlook was too iffy for them to expand. Meanwhile, the Trump administration was clamping down on immigration in high-profile raids, which sharply curtailed the number of people available to work and added another hurdle to strong hiring.”