Unemployment drops, 235,000 jobs added in Trump's first full month

  • 7 years ago
In Donald Trump's first full month as president, the U.S. economy added 235,000 jobs. The unemployment rate dropped down to 4.7% and wages grew 2.8 percent from February 2016. This sharp increase comes after the high of 238,000 jobs that were added in January. This is the best back-to-back rise since July. “We’re getting closer and closer to full employment,” said Ryan Sweet, an economist at Moody’s Analytics Inc. . “Wages had been the one sore spot in the labor market data, and I think that’s coming through here. With inflation accelerating I think we’re going to start to see even stronger wage growth down the road.”

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