Friday's jobs report from the government made clear that the economy remains on solid footing nearly eight years after the Great Recession ended. The gains in hiring and pay, along with higher consumer and business confidence since the November election, could lift spending and investment in coming months and accelerate economic growth. Overall, consumers are in great shape to support an accelerated pace of economic growth." During the presidential campaign, Trump had cast doubt on the validity of the government's jobs data, calling the unemployment rate a "hoax." Business confidence has risen since the presidential election, with many business executives saying they expect faster economic growth to result from Trump's promised tax cuts, deregulation and infrastructure spending.

Source: CBC News March 10, 2017 16:10 UTC