As women across the country are protesting Trump administration policies, others are taking note of the president’s accomplishments. A new report about job growth during Trump’s first full month in office looks to support Trump’s assertions that he has what it takes to ensure American workers will have productive and gainful employment.
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The Daily Mail is reporting that “U.S. companies added whopping 298,000 new jobs in February.”
The report from ADP, a global human resources firm, chronicles close to 100,000 more jobs than were expected. February’s official jobs numbers will be published on Friday, but already analysts are estimating a decline in unemployment from 4.8 percent to 4.7 percent.
Trump himself is bragging about the new numbers, claiming that his first two months in office “were the strongest consecutive months for hiring since August and September 2015.”
The boom in employment, ADP reports, spans a wide range of employment classes, and includes 32,000 new manufacturing jobs. Construction spending increased, too, and not just on Trump branded properties. There were 66,000 new construction jobs.
Part of the construction increase is likely due to a mild winter across much of the country, though Trump’s promise to add an additional $1 trillion dollars to shore up America’s aging infrastructure has certainly boosted confidence.
Mark Zandi, chief economist of Moody’s Analytics, agrees. “Confidence is playing a large role,” he said in an interview with CNBC. “Businesses are anticipating a lot of good stuff – tax cuts, less regulation. They are hiring more aggressively.”
“February proved to be an incredibly strong month for employment with increases we have not seen in years,” writes Ahu Yildirmaz, Vice President at ADP.
Critics argue that these strong economic indicators are a by-product of Obama era policies continuing to spur growth, but President Trump and his supporters aren’t buying that argument. The increase in confidence is palpable, and they’re riding that wave into a new era of increased economic prosperity.
It remains to be seen if this dramatic success will feed into an increased popularity for the President. His critics accuse him of making promises without providing concrete plans for success. Will Americans gain confidence in his leadership as his promises are fulfilled?