February Jobs Report A Home Run WIth 313,000 Jobs Added To U.S. Economy
By: Jack Hammer - TapWires News Service
President Trump has been criticized for everything from his tax cuts, killing onerous regulations. He has been hammered in the media for his foreign policy, yet little rocket man is coming to the table.
He was pilloried for his steel and aluminum tariffs, but such criticism seemingly rolls off his back. Perhaps that's because everything he has done is working. For instance, the U.S. labor markets seem to continue improving every month as evidence by the February numbers.
Despite his critic’s predictions of gloom, doom, global thermal nuclear war, and an economic collapse, someone forgot to tell the U.S. economy which added 313,000 jobs in February and despite media warnings of disaster, the unemployment rate held steady at 4.1 percent.
Economists had expected only about 200,000 additions to nonfarm payroll jobs, with the unemployment rate remaining or perhaps falling to about 4.0 percent. The Trump economy beat that number by more than 113,000 jobs.
Construction jobs expanded by 61,000 new well-paying positions. Retails and business services added 50,000 jobs apiece. But the real heartening news is that manufacturing had a strong month, adding 31,000 jobs. Finance added 28,000. Health care expanded by 19,000 jobs. Mining grew by 9,000 jobs.
While the service industries continue to grow many economists see the growth in construction, manufacturing and mining as exceptionally encouraging.Donald Trump, Economy, Jobs, Unemployment, Recovery, Construction, Mining, Manufacturing, Growth