December 14, 2017

Boom! In First Month In Office, Trump Adds 298,000 Jobs

f you were surprised at how many U.S. jobs Donald Trump added when he was still just President Elect, wait’ll you see how he did in his first month in office!

ADP is a well known, worldwide payroll and human resources giant. According to their figures and those of Moody’s Analytics, the private sector added 298,000 new jobs, over 100,000 more than expected.

And the stock market surge since President Trump took office means the joy is likely to continue.

Keep in mind that these are private sector jobs, not government jobs.

In other related news, SamSung is planning a large expansion in America, shifting manufacturing jobs from Mexico. The initial investment is $300 million, but a lot more is in the planning stages:

Samsung’s interest in a U.S. factory was influenced by the election of U.S. President Donald Trump, according to people familiar with the matter. Mr. Trump campaigned on a desire to create more manufacturing jobs in the country—and has threatened potential penalties for companies that don’t comply.

The South Korean electronics giant, the world’s largest manufacturer of smartphones, memory chips and televisions, has had initial discussions with Alabama, Georgia, North Carolina, Ohio and South Carolina, according to the people. Among those, South Carolina is a strong contender, according to a person familiar with the developments, with Samsung expressing interest in a site around Blythewood, S.C. […]

For decades, Samsung has spent heavily in the U.S., ranking as one of the country’s largest direct foreign investors. In November, just days before Mr. Trump’s election, the technology giant said it would invest more than $1 billion in its Austin, Texas semiconductor factory to boost production of processor chips for smartphones and other devices.

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Since Mr. Trump’s election, some large firms across Asia have pledged to expand U.S. operations or investments. Masayoshi Son, head of Japan’s SoftBank Group Corp., said after a meeting with Mr. Trump in December that he would invest $50 billion in the U.S., while electronics assembler Foxconn Technology Group has announced plans for expansion.

Samsung’s hometown rival LG Electronics Inc. said last week that it would build a new home-appliance manufacturing factory in Tennessee, creating at least 600 jobs and investing $250 million.

In a sign of Samsung’s stature in the U.S., Samsung Vice Chairman Lee Jae-yong was the only executive from a foreign company to be invited to a mid-December tech industry meeting with Mr. Trump, then the president-elect, according to people familiar with the matter.

But wait, there’s more. President Trump hasn’t forgotten about our badly neglected infrastructure. Today, as Reuters reports, he’s meeting with a number of business leaders to discuss plans to take on that very problem.

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