The U.S. economy added 273,000 new jobs in February, beating Wall Street expectations by almost 100k. The unemployment rate dipped back down to 3.5%, matching its lowest level in more than 50 years.
On the wage front, average hourly earnings grew by an impressive 3% over the past year. The blue-collar boom is alive and well, as February marks the 19th consecutive month that wages grew at or above 3%.
And for more good news for the U.S. economy, it was also announced that job growth for December and January was revised higher by a total of 85,000.
We continue to see robust growth in the U.S. economy and the job growth in January and February marks the strongest two-month start to the year of the Trump Administration.
Read the full Jobs Report here.