The Labor Department reports the U.S. added 235,000 new jobs in February, helped by a big gain in construction. Economists expected only 221,000 nonfarm jobs. The unemployment rate fell to 4.7% from 4.8%. Average wages rose 0.2% to $26.09 an hour, and it’s up 2.8% in the past year. The average workweek was unchanged at 34.4 hours.
J.P. Morgan CEO and Democratic donor Jamie Dimon praised President Trump’s pro-growth agenda, claiming that the president’s victory over Hillary Clinton had awakened “animal spirits” in the market. Trump’s agenda has reinvigorated business owners and consumers alike, Dimon said during an interview yesterday with Bloomberg TV. He cited the sharp rise in business confidence and consumer sentiment that has been reflected in a series of surveys released since the election.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
