This is what happens when you elect a pro-growth president!
US created 235,000 jobs in Feb, vs 190,000 expected!
The numbers come amid heightened expectations for economic growth as the president pushes an agenda of tax cuts, less regulation and higher domestic spending. Earlier in the week, ADP and Moody’s Analytics reported that private payrolls increased by a surprising 298,000.
“You’re getting more strength in the labor market than I would have anticipated,” said John Canally, chief economic strategist at LPL Financial. “There’s been a burst in animal spirits since Trump was elected.”
Nonfarm payrolls increased by 235,000 in February and the unemployment rate was 4.7 percent in the first full month of President Donald Trump’s term, the Bureau of Labor Statistics reported Friday.
Average hourly earnings increased by a healthy 2.8 percent on an annualized basis.
Construction led the way, growing by 58,000, the most in almost a decade, while manufacturing also posted strong gains with 28,000 new jobs.
Of course, the left is having a VERY difficult time giving credit to President Trump.
MORE NUMBERS FROM THE WSJ:
HIRING –235,000
Nonfarm employers added a seasonally adjusted 235,000 jobs in February, above economists’ expectations for a 197,000 gain.
UNEMPLOYMENT – 4.7%
The jobless rate in February was 4.7%, moving down from January and matching economists’ expectations.
WAGES – 2.8%
Average hourly earnings for private-sector workers were $26.09 in February, a 6-cent increase from January. Wages rose 2.8% in February from a year earlier, showing pay gains are strengthening.
PARTICIPATION – 63.0%
The share of Americans who had a job or were looking for one in February was 63.0%, up from 62.9% in January.
ALTERNATIVE MEASURE – 5.7%
The U-6 which includes workers with part-time jobs but who want full-time work, was 9.2% last month. That is down from 9.8% a year earlier.
