Trump’s First Full Month in Office Brings 298,000 New Jobs

U.S. companies added a whopping 298,000 new jobs in February, beating economists’ expectations by more than 100,000.

The report from ADP, a global human resources and payroll firm, provides the first hard economic numbers from Donald Trump‘s first full month as president.

Trump tweeted a self-congratulatory note, calling the number ‘much more than expected!’

The ADP/Moody’s jobs report released on Wednesday showed job growth 50-percent ahead of Wall Street’s expectations: 298,000 jobs were created in February versus expectations of less than 200,000 by economists polled by the Wall Street Journal. The job growth was all across the spectrum, with construction and manufacturing sectors adding 106,000 new jobs.

Trump has the golden touch in first full month in office: Construction boom fuels job growth, unemployment is down and wages are up

US employers added 235,000 new jobs in February and raised pay, making it all but certain that the Federal Reserve will increase short-term interest rates next week. The gains mark the first full month under President Donald Trump.

The 235,000 new jobs followed a 238,000 rise in January that was more than previously estimated, a Labor Department report showed Friday. The unemployment rate dipped to a low 4.7 percent from 4.8 percent, with wages growing 2.8 percent from February 2016.