The figures suggest that the robust US jobs market maintained its strong growth in the first full month under President Trump. Analysts said it lifted expectations that the US Federal Reserve would raise interest rates next week. The growth in new US jobs - not including agricultural work - has been gathering pace in recent months, although February's gain was slightly below January's revised rise of 238,000 jobs. Mr Trump has promised to create 25 million jobs over 10 years to become "the greatest jobs president ... ever". The Fed raised rates in December to a range of 0.5% to 0.75% - only the second rise in a decade.
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[White House split on import tax puts Congress in limbo]Press Secretary Sean Spicer also appeared to claim credit for the Trump administration. The U.S. economy added a healthy 235,000 jobs in February, according to government data released Friday, surpassing economists' expectations and likely clearing the way for the Federal Reserve to raise interest rates this month. Strong economic data in recent months appear to have persuaded the Federal Reserve that it can lift interest rates without hurting the labor market. On Friday morning, Trump retweeted a tweet by Drudge Report with a link to a news story on the jobs numbers. The unemployment rate ticked down to 4.7 percent, compared with 4.8 percent in January, and wages rose by 6 cents to $26.09 in February, after a 5-cent increase the month before.
Job growth totaled 235,000 in February, well above analysts' expectations and on par with the payroll gains in January. The new employment rate report means that is almost a done deal, barring any unforeseen disastrous event. Friday's jobs report is the last major piece of economic data before the Fed's scheduled policy meeting Tuesday and Wednesday. Despite the solid job growth in recent years, worker pay has increased at a stubbornly slow pace. After 77 consecutive months of net job growth, the nation's payrolls have grown by nearly 17 million.
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collected by :John Miller
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U.S. added 235,000 jobs in February; unemployment rate dropped to 4.7 percent
[White House split on import tax puts Congress in limbo]Press Secretary Sean Spicer also appeared to claim credit for the Trump administration. The U.S. economy added a healthy 235,000 jobs in February, according to government data released Friday, surpassing economists' expectations and likely clearing the way for the Federal Reserve to raise interest rates this month. Strong economic data in recent months appear to have persuaded the Federal Reserve that it can lift interest rates without hurting the labor market. On Friday morning, Trump retweeted a tweet by Drudge Report with a link to a news story on the jobs numbers. The unemployment rate ticked down to 4.7 percent, compared with 4.8 percent in January, and wages rose by 6 cents to $26.09 in February, after a 5-cent increase the month before.
Job growth totaled 235,000 in February, well above analysts' expectations and on par with the payroll gains in January. The new employment rate report means that is almost a done deal, barring any unforeseen disastrous event. Friday's jobs report is the last major piece of economic data before the Fed's scheduled policy meeting Tuesday and Wednesday. Despite the solid job growth in recent years, worker pay has increased at a stubbornly slow pace. After 77 consecutive months of net job growth, the nation's payrolls have grown by nearly 17 million.
read more visit us Economic
collected by :John Miller