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.
Department of War transports next-generation reactor in nuclear energy milestone
Schumer says Dems will fight voter ID push ‘tooth and nail,’ balks at DHS role in elections
Hillary Clinton clashes with Czech leader over Trump policies at Munich security conference
Woman allegedly steals bus from elementary school parking lot, goes on late night ride
The one sentence in Rubio’s Munich speech that revealed Trump’s red line for Europe
SpaceX Launches New Crew to Space Station After Medical Evacuation
Media Whines About Irish Man Held by ICE, But Here’s Why He’s Really in Trouble
California Exodus Takes a Huge Leap Forward as Citizens Flock to Las Vegas to Avoid New Tax Hike
NBC Issues Apology for Calling Female Olympic Skier ‘She’
US Kill Total on Drug Boats Hits 133 as Strike Takes Out 3 More ‘Narco-Terrorists’ in Caribbean
Trump announces $5 billion pledge in Gaza aid from Board of Peace members
Mobs in India Destroy Christian Homes After Believers Refuse to Renounce Jesus
Rubio defends US operation in Venezuela, calls out reporter for trying to start a fight
Columbia pulls promotion for DHS career expo after faculty claims university is aiding ‘authoritarianism’
UN Head Sends Congratulations to Iran on Anniversary of 1979 Revolution – Weeks After Muslim State Slaughtered Thousands of Its Own Citizens
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.
