The great American jobs creation machine is firing on all cylinders, with February’s jobs figures showing far more strength than expected and both January and December being raised higher than previously reported.
The U.S. economy added 273,000 jobs in February and the unemployment rate ticked down to 3.5 percent, the government said Friday.
Economists had forecast 175,000 nonfarm payroll growth and the unemployment rate to tick down slightly to 3.5 percent from 3.6 percent the prior month.
Average hourly earnings were up by 3 percent compared with a year ago. The average workweek climbed a bit to 34.4 hours.
Ultra High Level Democrat Influencer Calls for Violence Against ‘Dead Man Walking’ Trump on Christmas Eve – Calls on People to ‘Put Him to Sleep’
Santa with CCW gets pulled over, tells Ohio deputy ‘you got to protect yourself’ during festive traffic stop
Nonprofit uses underwater technology to search for missing service members
Fox News ‘Antisemitism Exposed’ Newsletter: UN bigot out at Georgetown
Kim Jong Un swipes at South Korea’s progress building a nuclear submarine while inspecting his own
Poll: Young Protestants Are Officially Outnumbered by the ‘Nones’
Wild Christmas Miracle: Watch a Bona Fide Miracle in Real Time as Skydiver Gets Caught on Plane, Plummets, then Manages to Cheat Death
Biden nearly invisible in own Christmas family photo as Hunter takes center stage
5 Things the GOP Needs to Change to Win the 2026 Midterms
Lawmakers attempt to tackle NIL, giving it the ‘old college try’
LA Garbage Crisis Is So Bad One Man Quit His Job to Pick Up the City’s Slack
And We Thought Fruitcake Was Bad: Italian Company Is 3D Printing ‘Pastries’ That Are Made of Truly Gross-Sounding Ingredients
Migrant truckers sue California DMV over canceled commercial drivers’ licenses
An Elderly Customer Never Missed a Lunch or Dinner for 10 Years – When He Didn’t Show Up, the Chef Hopped in His Car and Ended Up Saving His Life
Watch: Rogue Deer Smashes Up Christmas Store After Break-In, Cops Find Her Trapped at the Scene
December’s estimate of payroll growth was revised upward by 37,000 to 184,000. January’s number was revised up by 48,000 to 273,000. That adds a total of 85,000 more jobs than had previously been reported putting the three-month moving average at 243,000 jobs
The labor market has been a bright spot for the American economy in recent months, with unemployment at or near 50-year lows and the economy continuing to add hundreds of thousands of jobs month after month. The strength of the labor market has boosted consumer sentiment and consumer spending, keeping the pace of economic growth stronger than in many of the other major economies around the world.
The coronavirus is widely expected to slow economic growth this year, although the impact may be short-lived if the outbreak is contained or fizzles out after a few months. The Labor Department said there was no sign that the outbreak had hurt employment in February. The strength of the labor market, however, may bolster the economy’s ability to withstand the pressure.
Story cited here.
