The 313,000 net new jobs added in February far exceeded analyst expectations and were a major increase from the previous month’s upwardly revised 239,000 figure. Job growth for December and January was revised up by a total of 54,000 net new positions, meaning the economy has added a robust average of 242,000 jobs the last three months.

“Three letters: wow,” said Mark Hamrick, senior economic analyst at financial information website Bankrate.com, of the jobs report. “Certainly to see more than 300,000 jobs added in a month in this point in the economic cycle … is a stunner.”

Stock futures jumped after the report came out. And major U.S. stock indexes opened higher Friday, also boosted by news that President Trump would be meeting with North Korean leader Kim Jon Un in a sign tensions between the two nations could be easing.

The Dow Jones industrial average was up about 275 points in early trading.

Marc Short, the legislative affairs director for the Trump White House, called the jobs report “exciting.”

“We think that this economy is humming along,” he told Bloomberg TV, giving some credit to the tax cuts that took effect at the start of the year.

The February job growth was driven by big jumps in hiring in construction, which added a net 61,000 jobs, and retail, which increased its payrolls by 50,300. Mild weather in much of the nation last month could have added to the construction gains.

But Jed Kolko, chief economist with employment website Indeed.com, does a monthly calculation excluding weather-sensitive industries —construction, mining and leisure and hospitality — and said his figures show there was no impact last month.

The 229,000 net new jobs added when factoring out those sectors was the best since July 2016, he said.