TRUMP EFFECT: 196k New Jobs in March, Beating Expectations!

In yet another stunning turn of events, President Trump’s soaring economy beat out economist’s predictions in March.

Breitbart reported that the American economy added 196,000 jobs in March. The unemployment rate held steady at 3.8 percent, the government said Friday.

Economists had expected 170,000 jobs and the unemployment rate to remain unchanged.

February was revised up from the originally reported 20,000 jobs to 33,0000. January was revised up by 1,000 jobs to 312,000.

From CNBC

Job creation posted a solid rebound in March, with nonfarm payrolls expanding by 196,000 and the unemployment rate holding steady at 3.8%, the Bureau of Labor Statistics reported Friday.

That was better than the 175,000 Dow Jones estimate and comes after a dismal February that had economists wondering whether the decade-old economic expansion was nearing an end. The unemployment rate met expectations.

“With a strong March employment report now in the books, we’ve gotten some reassurance that the labor market is still strong,” said Steve Rick, chief economist at CUNA Mutual Group. “Of course, last month’s nosedive was disappointing, especially after December and January had such impressive numbers despite some sizable headwinds. But a good March report shows that February was more of an outlier than a canary in the coal mine.”