Originally posted here
The Labor Department on Friday released its February jobs report, giving its latest snapshot of America’s economy.
The U.S. economy added a more-than-expected 235,000 non-farm jobs last month, President Trump’s first full month in office.
Trump ran on the promise to create 25 million jobs over the next decade. Since taking office, the president has hammered industry leaders to increase U.S. production and employment, taking credit for keeping American companies such as Carrier and Ford from moving factories abroad. Trump has also promised a $1 trillion investment into U.S. infrastructure that will create “millions of jobs.”
The largest job growth in February came in the construction industry, which added 58,000 jobs — and 177,000 jobs in the last six months. Manufacturing added 28,000 jobs in February, for an increase of 57,000 jobs over the past three months.
FOX Business dove into the February jobs data, and here is a sector breakdown of job creation and loss from last month:
- Construction: 58,000 jobs added
- Manufacturing: 28,000 jobs added
- Private Education: 29,000 jobs added
- Health care: 27,000 jobs added
- Mining: 8,000 jobs added
- Retail: 26,000 jobs lost
President Trump’s campaign promise of new jobs was one of the major reasons for his successful election. Currently, the future appears to be strong. Analysts believe this trend will continue. However, the job market is not as simple as “you build it and they will come.” These opportunities take months of planning.
Since Trump has witnessed several major companies promise new jobs for American workers, it appears that the employment rate will continue its all-time low trend. This is in direct contrast to the employment situation when Barrack Obama took office. The then-President Obama took office with an extremely high unemployment rate of over nine percent. Now that rate seems to be nearing under four percent.
With so many job offerings, why are people complaining of unemployment? The answer may be the type of jobs. High tech, computer, and new age social media jobs are the latest trend. The traditional 9-5 jobs are being replaced by alternative “work from home” and “work from phone” jobs. It is a new area. We hope Trump is ready for it.