The Trump administration is applauding the January jobs reports.

This comes as the President signs executive order taking aim at Dodd-Frank financial overhaul.

Last month's jobs report, which showed the U.S. economy adding 227,000 jobs and the unemployment rate at 4.8 percent.

The report also says that more Americans started looking for work, although not all of them found jobs immediately.

"Today's report reflects the consumer confidence that the Trump presidency has inspired," said White House press secretay Sean Spicer.

"President Trump campaigned on how to make America work again. Even before he took office, the markets knew he would deliver on that promise."

President Donald Trump also signed an executive order that will direct the Treasury secretary to review the 2010 Dodd-Frank financial overhaul.

It's Trump's first step at scaling back regulations on financial services.

Trump has called the law a "disaster" and said it failed to address some of the causes of the 2008-2009 financial crisis.

Washington DC - 3 February 2017

1. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The economy added more than 227,000 new jobs, significantly more than the 175,000 that had been expected. Today's report reflects the consumer confidence that the Trump presidency has inspired. According to a recent Gallup poll, economic confidence is at a new high and ADP showed strong private sector hiring. President Trump campaigned on how to make America work again. Even before he took office, the markets knew he would deliver on that promise."

++SEPARATED BY WHITE FLASH+++

2. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The president's already taken significant steps to turn our economy around and he is looking forward to ensuring that every American who wants a job has the opportunity to find one. While the president's definitely pleased that the job growth has far surpassed expectations and that the labor force participation is rising, he also recognizes that there is a lot more work to be done."

++SEPARATED BY WHITE FLASH+++

3. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The Dodd-Frank Act is a disastrous policy that's hindering our markets, reducing the availability of credit and crippling our economy's ability to grow and create jobs. It imposed hundreds of new regulations and financial -- on financial institutions, while establishing unaccountable and unconstitutional new agency that does not adequately protect consumers. Perhaps worst of all, despite all of this overreaching, Dodd-Frank did not address the causes of the financial crisis, something we all know must be done. It did not solve the too big to fail and we must determine conclusively that the failure of a large bank will never again leave taxpayers on the hook."

The Trump administration is applauding the January jobs reports.

This comes as the President signs executive order taking aim at Dodd-Frank financial overhaul.

Last month's jobs report, which showed the U.S. economy adding 227,000 jobs and the unemployment rate at 4.8 percent.

The report also says that more Americans started looking for work, although not all of them found jobs immediately.

"Today's report reflects the consumer confidence that the Trump presidency has inspired," said White House press secretay Sean Spicer.

"President Trump campaigned on how to make America work again. Even before he took office, the markets knew he would deliver on that promise."

President Donald Trump also signed an executive order that will direct the Treasury secretary to review the 2010 Dodd-Frank financial overhaul.

It's Trump's first step at scaling back regulations on financial services.

Trump has called the law a "disaster" and said it failed to address some of the causes of the 2008-2009 financial crisis.

Washington DC - 3 February 2017

1. Cutaway of White House Press Secretary Sean Spicer walking in to press briefing

2. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The economy added more than 227,000 new jobs, significantly more than the 175,000 that had been expected. Today's report reflects the consumer confidence that the Trump presidency has inspired. According to a recent Gallup poll, economic confidence is at a new high and ADP showed strong private sector hiring. President Trump campaigned on how to make America work again. Even before he took office, the markets knew he would deliver on that promise."

3. Cutaway

4. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The president's already taken significant steps to turn our economy around and he is looking forward to ensuring that every American who wants a job has the opportunity to find one. While the president's definitely pleased that the job growth has far surpassed expectations and that the labor force participation is rising, he also recognizes that there is a lot more work to be done."

5. Cutaway

6. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The Dodd-Frank Act is a disastrous policy that's hindering our markets, reducing the availability of credit and crippling our economy's ability to grow and create jobs. It imposed hundreds of new regulations and financial -- on financial institutions, while establishing unaccountable and unconstitutional new agency that does not adequately protect consumers. Perhaps worst of all, despite all of this overreaching, Dodd-Frank did not address the causes of the financial crisis, something we all know must be done. It did not solve the too big to fail and we must determine conclusively that the failure of a large bank will never again leave taxpayers on the hook."

7. Cutaway

8. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"They did have a very productive and candid conversation. We have tremendous amount of respect for the people of Australia, for Prime Minister Trunbull and a followup on the call, but we are going to continue to work through this. We are going to honor the commitments that we made in some way, meaning that we are going to vet these people in accordance with the agreement that happened and we are going to continue to have further updates as we do."

9. Cutaway

10. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The President is commited to peace, that's his goal and I think when the President and Prime Minister meet here on the 15th that obviously be the topic at that. At the end of the day the goal is peace. I think that is what you have to keep in mind, I think that is going to be a subject that they discuss when they meet on the 15th and that's as far as I want to go on that."

11. Cutaway

12. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"I think the statement is very clear about that, we don't think the existence of current settlements is an impedement to peace, but I think the construction or expansion of existing settlements beyond the borders is not going to be helpful moving forward."

13. Spicer leaving briefing

The Trump administration is applauding the January jobs reports.

White House Press Secretary Sean Spicer on Friday addressed last month's job report, which showed the U.S. economy adding 227,000 jobs and the unemployment rate at 4.8 percent.

The report also says that more Americans started looking for work, although not all of them found jobs immediately.

Trump also signed an executive order that will direct the Treasury secretary to review the 2010 Dodd-Frank financial overhaul.

It's Trump's first step at scaling back regulations on financial services.

Trump has called the law a "disaster" and said it failed to address some of the causes of the 2008-2009 financial crisis.

Washington DC - 3 February 2017

1. White House Press Secretary Sean Spicer walking in to press briefing

2. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The economy added more than 227,000 new jobs, significantly more than the 175,000 that had been expected. Today's report reflects the consumer confidence that the Trump presidency has inspired. According to a recent Gallup poll, economic confidence is at a new high and ADP showed strong private sector hiring. President Trump campaigned on how to make America work again. Even before he took office, the markets knew he would deliver on that promise."

3. Cutaway

4. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The president has already taken significant steps to turn our economy around and he is looking forward to ensuring that every American who wants a job has the opportunity to find one. While the president's definitely pleased that the job growth has far surpassed expectations and that the labor force participation is rising, he also recognizes that there is a lot more work to be done."

5. Cutaway

6. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The Dodd-Frank Act is a disastrous policy that's hindering our markets, reducing the availability of credit and crippling our economy's ability to grow and create jobs. It imposed hundreds of new regulations on financial institutions while establishing unaccountable and unconstitutional new agency that does not adequately protect consumers. Perhaps worst of all, despite all of this overreaching, Dodd-Frank did not address the causes of the financial crisis, something we all know must be done. It did not solve the too big to fail and we must determine conclusively that the failure of a large bank will never again leave taxpayers on the hook."

7. Cutaway

8. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"They did have a very productive and candid conversation. We have tremendous amount of respect for the people of Australia, for Prime Minister Trunbull and it was a follow-up on the call, but we are going to continue to work through this. We are going to honor the commitments that we've made in some way, meaning that we are going to vet these people in accordance with the agreement that happened and we are going to continue to have further updates as we do."

9. Cutaway

10. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"The president is committed to peace, that's his goal and I think when the president and Prime Minister Netanyahu meet here on the 15th that obviously be the topic at that. At the end of the day the goal is peace. I think that is what you have to keep in mind, I think that is going to be a subject that they discuss when they meet on the 15th and that's as far as I want to go on that."

11. Cutaway

12. SOUNDBITE (English) Sean Spicer, White House Press Secretary:

"I think the statement is very clear about that, we don't believe that the existence of current settlements is an impediment to peace, but I think the construction or expansion of existing settlements beyond the current borders is not going to be helpful moving forward."

13. Spicer leaving briefing

US President Donald Trump is telling a group of community bankers that he will roll back regulations imposed on their industry after the nation's 2008 financial crisis.

Trump addressed the Independent Community Bankers Association at the White House on Monday.

The bankers all wore Trump inspired red baseball caps that say, "Make Community Banking Great Again!"

Trump said the current law, known as the Dodd-Frank Act, is "damaging" and his administration is working to reform it.

He says his friends who are community bankers "have gone through hell" because of stringent regulations.

The 2010 Dodd-Frank law clamped down on certain banking practices and expanded consumer protections to try to prevent a repeat of the 2008 financial meltdown

Washington DC - 1 May 2017

1. Vice President Mike Pence introduces US President Donald Trump, pull out to wide shot as crowd stands and applauds

2. SOUNDBITE (English) Donald Trump, US President:

"I have friends that are community bankers and they've gone through hell over the last, long period of time. It's really a much longer period of time than people would understand. I've also directed Treasury Secretary Steven Mnuchin to review damaging Dodd-Frank regulations that encourage risky behaviour from Wall Street. Everybody knows what that means. We're also working to achieve tax reform and dramatically lower taxes on businesses and the middle class. We're proposing one of the largest tax cuts in history, even larger than that of President Ronald Reagan. Our tax cut is bigger, bigger. My administration is committed to working with each and every one of you to help Americans achieve their financial dreams so that, look, we're all here for the same thing. We have a statement, it's really, I like it much better than even your hat, it says 'Make America Great Again,' and that's what we all want, we want to all make it great again and that's what's going to happen so, I want to thank you all for being here. Very special people, you do a very, very special job and the community really understands it. I know community bankers are the most popular person in their community. They've built communities and they've really been so badly hurt over the last number of years. So we're going to change that, we're going to change regulations, we're gonna give the incentives back and you're going to grow and thrive and prosper and maybe even more importantly, you're going to have businesses all over the country growing and thriving and prospering. So I want to thank you for being here. It's a great honour. And you will see things happening like you've never seen before, thank you very much, thank you, thank you." (Crowd stands up and applauds)

President Donald Trump is telling a group of community bankers that he will roll back regulations imposed on their industry after the nation's 2008 financial crisis.

Trump addressed the Independent Community Bankers Association at the White House Monday. The bankers all wore Trump inspired red baseball caps that say, "Make Community Banking Great Again!"

The president said the current law, known as the Dodd-Frank Act, is "out of control" and his administration is working to reform it.

He says his friends who are community bankers "have gone through hell" because of stringent regulations.

The 2010 Dodd-Frank law clamped down on certain banking practices and expanded consumer protections to try to prevent a repeat of the 2008 financial meltdown

Washington, DC - 1 May 2017

1. SOUNDBITE (English) Donald Trump, US President:

"I have friends that are community bankers and they've gone through hell over the last, long period of time. It's really a much longer period of time than people would understand. I've also directed Treasury Secretary Steven Mnuchin to review damaging Dodd Frank regulations that encourage risky behavior from Wall Street. Everybody knows what that means. We're also working to achieve tax reform and dramatically lower taxes on businesses and the middle class. We're proposing one of the largest tax cuts in history, even larger than that of President Ronald Reagan. Our tax cut is bigger, bigger. My administration is committed to working with each and every one of you to help Americans achieve their financial dreams so that, look, we're all here for the same thing. We have a statement, it's really, I like it much better than even your hat, it says 'Make America Great Again,' and that's what we all want, we want to all make it great again and that's what's going to happen so, I want to thank you all for being here. Very special people, you do a very, very special job and the community really understands it. I know community bankers are the most popular person in their community. They've built communities and they've really been so badly hurt over the last number of years. So we're gonna change that, we're going to change regulations, we're gonna give the incentives back and you're going to grow and thrive and prosper and maybe even more importantly, you're going to have businesses all over the country growing and thriving and prospering. So I want to thank you for being here. It's a great honor. And you will see things happening like you've never seen before, thank you very much, thank you, thank you."

President Donald Trump is telling a group of community bankers that he will roll back regulations imposed on their industry after the nation's 2008 financial crisis.

Trump addressed the Independent Community Bankers Association at the White House Monday. The bankers all wore Trump inspired red baseball caps that say, "Make Community Banking Great Again!"

The president said the current law, known as the Dodd-Frank Act, is "out of control" and his administration is working to reform it.

He says his friends who are community bankers "have gone through hell" because of stringent regulations.

The 2010 Dodd-Frank law clamped down on certain banking practices and expanded consumer protections to try to prevent a repeat of the 2008 financial meltdown

Washington, DC - 1 May 2017

1. SOUNDBITE (English) Donald Trump, US President:

"I have friends that are community bankers and they've gone through hell over the last, long period of time. It's really a much longer period of time than people would understand. I've also directed Treasury Secretary Steven Mnuchin to review damaging Dodd Frank regulations that encourage risky behavior from Wall Street. Everybody knows what that means. We're also working to achieve tax reform and dramatically lower taxes on businesses and the middle class. We're proposing one of the largest tax cuts in history, even larger than that of President Ronald Reagan. Our tax cut is bigger, bigger. My administration is committed to working with each and every one of you to help Americans achieve their financial dreams so that, look, we're all here for the same thing. We have a statement, it's really, I like it much better than even your hat, it says 'Make America Great Again,' and that's what we all want, we want to all make it great again and that's what's going to happen so, I want to thank you all for being here. Very special people, you do a very, very special job and the community really understands it. I know community bankers are the most popular person in their community. They've built communities and they've really been so badly hurt over the last number of years. So we're gonna change that, we're going to change regulations, we're gonna give the incentives back and you're going to grow and thrive and prosper and maybe even more importantly, you're going to have businesses all over the country growing and thriving and prospering. So I want to thank you for being here. It's a great honor. And you will see things happening like you've never seen before, thank you very much, thank you, thank you."