U.S. companies added about 298,000 new jobs in February, slightly beating economists’ expectations.
The report from ADP, a global human resources and payroll firm, provides the first hard economic numbers from Donald Trump’s first full month as president.
Of course, Trump tweeted a self-congratulatory note.
U.S. private sector job creation surging with nearly 300K created last month. Much more than expected! https://t.co/XYf0Sc4eqG
— President Trump (@POTUS) March 8, 2017
The official U.S. unemployment rate is expected to shift downward from 4.8 per cent to 4.7 per cent, in response to the official jobs numbers report, due Friday.