Economic pontificators stunned

Sundance reports at The Conservative Treehouse,

According to the Bureau of Labor Statistics the U.S. MAGAnomic economy added 313,000 jobs in February, crushing expectations. In addition to the stunning job growth in February, previous months’ counts were revised much higher: December was revised upward from 160,000 to 175,000 (+9.38%); January saw a massive boost from 200,000 to 239,000 (+19.5%). The three-month average is now 242,000.

Economists surveyed by Reuters had previously predicted payroll growth of 200,000. The result of 313,000 stunned prior economic pontificators, and is 56% higher than expected.

Additionally, the jobs gains were solid in higher wage sectors of the economy: Construction (+61K), Manufacturing (+31k), Business Services (+50k). See below.

[Labor and Statistics] […] In February, construction employment increased by 61,000, with gains in specialty trade contractors (+38,000) and construction of buildings (+16,000). Construction has added 185,000 jobs over the past 4 months.

Read more here.