past eight or nine years. wages coming in at about 3.2%. a couple of real bright spots to tell you about. we saw 370,000 people come in off the sidelines to try to look for work. that is a good sign. that means that the job market has been good enough for long enough that people who were sidelined after the great recession are confident enough to come in and get work. that is a good sign. we also saw something called the u 6, the underemployment rate. that fell all the way to 7%. that s really the best we ve seen in this whole cycle. so a couple of numbers there showing you that after all of this time, this is still a pretty healthy labor market. it s just not as robust as it was last year. victor, christi. now, we have ceo kataka roy, thank you for being here. we heard those numbers, they re very solid. the l a lot of people may be sitting
actually. much better than the left wants to you to know about. first of all, since the president s inauguration nearly 600,000 new jobs created in america. manufacturing mining, drilling going very strong. 200,000 part-time jobs replaced with full-time jobs. the unemployment rate 4.3%. the u 6. let s not get technical. the real unemployment rate all the way down to 8.4%. home sales up. mortgage applications up. home prices up. credit scores average 700. best in a decade. stocks are at record highs. the dow industrials have gone up to 10%, 15% since the election. steve: why is that? because trump is a red tape cutter? no yes. it s the promise of growth in the future from tax cuts, less red tape, an an infrastructure. ainsley: why don t you hear about it? brian: because it s not done yet. tax reform is not done yet. healthcare is not done yet.
he s going to have to double what we got this month. let me bring in steven moore. senior economics analyst, former economic adviser to the trump campaign. steven, thanks for joining us. looking at those numbers, dropping unemployment rate, 4.3%, which is good but less than spec d job growth, what s your major take away? well, i was a little disappointed with that number. it s not terrible, but we should be doing better. i d like to see 200,000 plus a month. by the way, if donald trump is going to fulfill his promise of 25 million jobs he s going to have to get that number about twice as high. but i think christine romans made a very good point. we re very close to full employment in the united states with that low unemployment rate. by the way, the other statistic called the u 6, i don t want to get too technical, but that includes people dropped out of the work force, that s been dropping as well which is a healthy sign. right now when i talk to employers around the country, and
coming off the sidelines to get jobs. a renewed enthusiasm of strong jobs growth. people coming off the sidelines and starting to get jobs. where are the jobs? business and information services tend to be higher paid category, construction tend to be higher paid category, manufacturing jobs came back in the month. that is really interesting and politically interesting there. when i look at the u 6, the underemployment rate, that came down. some call this a real unemployment rate 9.2%. that s been steadily falling. and picking up speed in this deceleration here. when i look at wages, up 2.8%. that s a good number, about as strong as it was back in december. this is a continuation of a strong labor market. so good, time to put on the brakes. exactly. pull back the punch bowl. interesting the president gets these numbers he knew about these numbers yesterday. the council of economic