While it is not clear that the creation of 235,000 new jobs in the US for the month of February, has anything to do with wall construction, it has reduced the unemployment rate to 4.7% from 4.8%. This figure was higher than the most optimistic forecaster had expected and has led to near certainty that the Federal Reserve Bank will raise their base interest rate by ΒΌ% on Wednesday next, with the prospect of more small hikes coming later in the year, heading towards an estimated top of around 2.5%.