The U.S. economy added a robust 235,000 jobs in February, the Labor Department said Friday. The unemployment rate ticked down to 4.7% from 4.8% in the previous month. It’s a vast improvement from 2009, when unemployment peaked at 10% after the financial crisis.
“The U.S. economy is doing very very well at the moment,” says Jeremy Cook, chief economist at World First, a foreign exchange firm.
Economists say it will be a challenge for Trump to fulfill his promise to create 25 million jobs over the next 10 years. The unemployment rate is already very low, and many Baby Boomers have either retired or left the job market.
At least in his first full month, though, Trump is on pace to fulfill that promise.