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US Adds 235K Jobs, Unemployment Rate Falls to 4.7 Pct.

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WASHINGTON (AP) - One analyst says today's jobs report includes plenty of reasons for optimism about the economy.

Russell Price of Ameriprise Financial says consumers "are in great shape to support an accelerated pace of economic growth."

Unemployment ticked down to 4.7 percent in February, and hourly pay rose by 2.8 percent from a year ago.

President Donald Trump -- who, during the campaign, called the unemployment rate a "hoax" -- today quickly retweeted a news report about the February jobs report, which covers his first full month in office.