TRUMP ECONOMY ROARS … 313 JOBS ADDED IN FEBRUARY!!!
Via CNBC, the U.S. economy added a whopping 313,000 jobs in February smashing the 200,000 jobs estimated. Construction jobs lead the way with 61,000 followed by retail at 50,000, business services at 50,000, manufacturing with 31,000, financial activities with 28,000 and healthcare with 19,000. Even mining saw 9000 new jobs. There were also adjustments upward in the previous two months, December went from 160,000 to 175,000 while January saw a boost from the initially reported 200,000 to 239,000. The DOW jumped 200 points upon the fantastic jobs report. President Donald Trump’s economic vision is working for America and Making America great again! America, this is the Trump economy and it is his policies and visions, which are 180 degrees opposite of his predecessor that are making the difference. This would never had happened had Hillary Clinton won or will it continue to occur if Democrats seize control of power in either the House or Senate in 2018. The Resistance, eh? What exactly are Democrats, the LEFT and the MSM resisting? Prosperity?
The economy added 313,000 jobs in February, crushing expectations, while the unemployment rate remained at 4.1 percent, according to a Labor Department report Friday that could help quell inflation fears.
Economists surveyed by Reuters had been expecting nonfarm payroll growth of 200,000 and the unemployment rate to decline one-tenth of a percent to 4 percent.
A separate measure that takes into account those out of the workforce and the underemployed — sometimes referred to as the “real” unemployment rate — held steady at 8.2 percent.
Construction jobs led the way, with 61,000 new positions, followed by retail and professional and business services (50,000 apiece), manufacturing (31,000) and financial activities (28,000). Health care added 19,000 while mining saw 9,000 new jobs.
Investors were watching the report closely not only for clues about job growth but also whether wage pressures were continuing to build. Wage growth came in less than expected, rising 0.1 percent for the month and 2.6 percent on an annualized basis.
In addition to the big job growth, previous months’ counts were revised substantially higher. December went from 160,000 to 175,000 while January saw a boost from the initially reported 200,000 to 239,000. That brings the three-month average to 242,000.
Among the major worker groups, the unemployment rate for Blacks declined to 6.9 percent in February, while the jobless rates for adult men (3.7 percent), adult women (3.8 percent), teenagers (14.4 percent), Whites (3.7 percent), Asians (2.9 percent), and Hispanics (4.9 percent) showed little change. (See tables A-1, A-2, and A-3.)