VIDEO of Spicer quoting Trump on jobs reports: "They may have been phony in the past, but it's very real now." pic.twitter.com/ewpXW0n6uC— Axios (@axios) March 10, 2017
UPDATE 2:20PM EST: Trump walked back prior remarks, saying jobs numbers are "very real now."
Good news for job hunters.
American employers added a robust 235,000 new jobs in February, according to the Labor Department's monthly jobs report. The unemployment rate also dipped slightly from 4.8 percent in January to 4.7 percent last month.
Wages also rose, showing the U.S. economy is on track to recover after the Great Recession.
This is the first major economic report from President Trump's first full month in office.
On the campaign trail he called the jobs report fake, but has also taken credit for an "incredible spirit of optimism" that spurred growth. He will likely take credit for the hiring spree.
In fact, the official jobless rate is right around what's considered full employment.
U.S. Unemployment Rate:— Jon Erlichman (@JonErlichman) March 10, 2017
(Month of February)
Here is what the unemployment rate has looked like for the past seven years in February.
Construction led the pack with 58,000 new jobs, the most in nearly a decade.
A lot of Americans between ages of 25 and 34 have come back to work over the last few months, finally numbers consistent with previous cycle pic.twitter.com/9OdFUvR2Hp— Matthew B (@boes_) March 10, 2017
The number of Americans ages 25 to 34 back at work has shot up recently, too.
Earlier this week, payrolls processor ADP released a report showing private sector jobs grew by 298,000 in February -- well above expectations.
The Labor Department explained more Americans have begun job hunting, which has lifted the proportion of people working or looking for work. But economists have said these figures, specifically the strong construction ones, likely had something to do with the unseasonably warm weather.
For millennials, who have seen double-digit unemployment numbers, these reports signal better job prospects. "It’s now probably as easy to find jobs as it has been since 2007," Dr. Gary Burtless, Brookings Institution senior fellow in economic studies, told Circa.
It's too early to tell whether this trend of higher workforce participation will stick, but these stats make it more likely the Federal Reserve will hike interest rates.
(The Associated Press contributed to this report.)
WATCH | Here's what the February ADP report and a strong economy mean for brand new college grads.