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Donald Trump's First Full Month Sees Job Creation Spike

The American private sector added 298,000 jobs in February, the highest boost in three years.

An ADP Research Institute employment report released on March 8 determined that, in President Donald Trump's first full month in office and an unusually warm winter month, jobs in construction, mining and manufacturing spiked far above the 261,000 mark set in January.

Construction had the best month in 11 years, adding 66,000 jobs, while manufacturing added 32,000, which is the highest in five years. Meanwhile, the mining industry added 8,000 positions as it continues to come back from years of losing jobs.

The service industry saw gains as well, with 25,000 additions to the information industry, 66,000 new jobs for professional and business services, 40,000 added positions in education and health and 40,000 new jobs in leisure and hospitality.

"February was a very good month for workers," said Mark Zandi, chief economist at Moody’s Analytics, the company that compiles the report. "Unseasonably mild winter weather undoubtedly played a role. But near record high job openings and record low layoffs underpin the entire job market."

Businesses of all sizes fared well in the short winter month, with small businesses (49 employees or fewer) gaining 104,000 jobs, medium businesses (50-499 employees) adding 122,000 positions and large businesses (500 employees or more) gaining 72,000 new jobs.

"February proved to be an incredibly strong month for employment with increases we have not seen in years," ADP Research Institute Vice President Ahu Yildirmaz said.

President Trump and his administration have taken credit for the employment boom after Trump pledged during his campaign that he would "bring jobs back" to the U.S., Fox News reports.

Just days before the report's emergence, Trump praised Exxon Mobil for committing to spend $20 billion by 2022 in a U.S. Gulf Coast expansion project expected to create 45,000 new jobs.

"This is exactly the kind of investment, economic development and job creation that will help put Americans back to work," Trump said in a March 6 White House statement regarding the oil company's announcement. "Many of the products that will be manufactured here in the United States by American workers will be exported to other countries, improving our balance of trade."

Despite the optimistic figures, economists recommend waiting to celebrate for the time being.

Salim Furth, research fellow in macroeconomics at the Heritage Foundation said, "Trump and Republicans shouldn't rest on their laurels before they get things done."

"This is not just a Trump phenomenon, job numbers come out and this is a perennial," Furth added Fox News. "It's my job as an economist to say, 'Well, let’s not read too much into it.'"

Sources: ADP, Fox News / Photo Credit: Michael Vadon/Flickr

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