What You Need To Know About February’s Blockbuster Jobs Report

WHAT: Last month, the U.S. economy added 313,000 jobs and the unemployment rate remained at its lowest level in 17 years.

On Friday, the Labor Department reported the U.S. economy exceeded expectations and added an incredible 313,000 jobs in February, the biggest increase in two years. This means we have the highest average monthly job growth since 1997. The “goods-producing” industries – such as natural resources, mining, construction, and manufacturing – added 100,000 jobs, the largest monthly increase in two decades. For the fifth consecutive month, the unemployment rate remained at 4.1 percent, the lowest level seen in 17 years. In another sign of a strong labor market, the number of workers in the U.S. labor force increased by 806,000, the largest monthly increase since 2003.

Advertisement

WHY: President Trump’s policies and tax cuts are getting Americans back to work, creating growth, and restoring confidence in the U.S. economy.

February’s jobs report shows that the President’s economic policies of tax cuts and regulatory reform are working. The U.S. economy has added nearly 3 million jobs since the President’s election, weekly jobless claims recently reached a 48-year low, and last year the Hispanic and African American unemployment rates both hit their lowest levels in history. More than 4 million Americans are receiving bonuses, wage increases, or other new benefits that have been tied directly to the passage of President Trump’s tax reforms and cuts. Dozens of businesses have announced pay raises, new job creation, or significant investments as a result of tax reform, and public utilities are passing on their tax reform savings to consumers and families.

At the same time, many measures of economic confidence continue to hit record levels. The Conference Board’s Consumer Confidence Index currently at its highest level since 2000, while a record number of small business owners polled by the NFIB say now is a good time to expand. The Council of Economic Advisers recently estimated that if President Trump’s economic policies were fully implemented, the economy would grow at a 3 percent annual pace over the next decade.

Shared from Whitehouse.gov

SHARE THIS WITH YOUR FRIENDS:
0 0 vote
Article Rating
Subscribe
Notify of
guest
9 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Daniel Rhoads
Daniel Rhoads
2 years ago

Nancy Pelosi –Are these the “crumbs that you were talking about for us Deplorable for we will take these crumbs”!!!!!…

Cheryl Flann
Cheryl Flann
2 years ago

When the steel industry gets back up and running, not only willit be great for National Security – not being at the mercy of China dumping their steel, but the jobs numbers will soar again.

This about this. If talks with North Korea don’t pan out and we are again on the firing line with them, the last thing we need is to be dependent on China for ANYTHING – especially steel. We need to have our own steel to manufacture what we need for out military – tanks, Humvies, planes, shps. If China wanted to interfer, they could hold up steel and we sure don’t need that. Actually, even though China is the No. 2 economy – they still need us more than we need them.

Marc Jeric
Marc Jeric
2 years ago

Bravo Mr. President; I enjoy the suffering of our socialists, communists, university “intellectuals'”, union goons, Democrats, and other low-lives, scum, and bottom-feeders of this once free and proud nation.

Chris Ralston
2 years ago

Excellent Job, Mr President! Continue with the “Great” work.

radio man
2 years ago

no daca no free ride what is it about illegal govt does not understand? a crime is a crime.

http://www.Linux.co.uk/

Ꭲhere ɑre, of coursе, some detrimental points to freelаncing.
One necessary point is that if you happen to work as a freelance ⲣaralegal you will
not bee еligible for the sorts of benefigs that yoս woulɗ have in working
for a law firm or a non-pսblic attorney. Forr those who feel that such “perks” as normal medical insurance and different such benefits are important, freelɑncng is not going
to give you these benefits.

Don Holtzmann
2 years ago

Great Job! Mr. President!
God did not make a Mistake when He Created you for such a time as NOW!
Thank You!
Don Holtzmann

best legal firm in marbella

I absolutely love your blog and find a lot of
your post’s to be exactly I’m looking for. Does one offer guest writers
to write content for yourself? I wouldn’t mind writing a post or elaborating on a lot of the subjects
you write regarding here. Again, awesome blog!

party wristbands
2 years ago

I hardly write remarks, but i did some searching and wound up here What You Need To Know About February’s Blockbuster Jobs Report – 1600 Daily.
And I actually do have a few questions for you if it’s allright.
Is it simply me or does it appear like a few of the comments appear as if
they are left by brain dead folks? 😛 And, if
you are writing on additional sites, I would like to follow anything new you have to post.
Would you make a list of every one of your public sites like your linkedin profile, Facebook page or twitter feed? https://www.silicone-wristbands.co.uk