President Donald Trump continues to be good news for the U.S. economy.
In January, employers added 227,000 new jobs—shattering expectations. Previously, experts had predicted the economy would add just 175,000 jobs.
While technically most of the jobs added in January came during the Obama Administration—since he was President for about two-thirds of the month—Trump deserves a tremendous amount of credit for inspiring confidence in the economy.
Jed Kolko, chief economist at job-search site Indeed.com, praised Trump for boosting employer morale, during an interview with Forbes.
“His calling for companies not to move jobs overseas, to keep jobs in U.S., the debate over whether jobs at the Carrier plant would be the start of a larger trend of President Trump encouraging manufacturing growth in the U.S., that all began before the inauguration,” Kolko said.
January’s strong growth numbers echoes the booming economic news that has come out since he was elected President on November 8.
The Dow Jones Industrial Average shot up more than 7% between Election Day and Trump’s inauguration on January 20. It passed 20,000 points for the first time on January 25, less than a week into Trump’s presidency.