: Jobs Report CRUSHES Expectations, Shows 313,000 New Jobs For February
A House staff member affixes a sign that says “Tax Cuts and Jobs Act” ahead of a gathering of House Republicans making statements to the media following a vote on the GOP tax overhaul bill, Thursday, Nov. 16, 2017, on Capitol Hill in Washington. (AP Photo/Jacquelyn Martin)
The February jobs report is in and it looks like February was a stellar month for the economy.
Adding 313,000 jobs and keeping the unemployment rate steady at 4.1% far exceeds economists’ expectations. It was believed that February would only bring in about 200,000 new jobs.
Jamie Dupree breaks it down on further on Twitter, showing that the past two months also did better than originally thought.
December job growth revised up from 160k to 175k. January revised up from 200k to 239k
— Jamie Dupree (@jamiedupree) March 9, 2018
This is also the best month on record for President Donald Trump.
The 313,000 jobs added in February is the largest monthly gain since a 325k jump in July 2016
— Jamie Dupree (@jamiedupree) March 9, 2018
Now, this is entirely speculation, but keep in mind that the end of 2017 and the beginning of 2018 saw many businesses celebrating the passage of the GOP’s tax reform bill, which no doubt has gotten businesses more confident in the economy and more willing to hire AND pay hire wages.
That’s a big deal, because if those benefits continue to boost confidence in the business market, then we will continue to see growth and therefore economic growth for a while.
The post BREAKING: Jobs Report CRUSHES Expectations, Shows 313,000 New Jobs For February appeared first on RedState.
Source: https://www.redstate.com/joesquire/2018/03/09/breaking-jobs-report-crushes-expectations-shows-313000-new-jobs-february/
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