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.
Ex-Dem Legislator Arrested Over Child Porn, But It’s 7 Words from FBI Investigator That Will Make You Sick to Your Stomach
Hunter Biden Blasts CNN’s Jake Tapper as a ‘Poor Journalist’ and a Terrible Person in NSFW Comments
Dem’s stunning ideal standard for immigration detention conditions resurfaces amid Texas senate bid
Secret Service agent on JD Vance’s detail investigated for allegedly leaking operational security info
Video: Trump Greets Fallen Heroes at Dignified Transfer for Troops Killed in Iran Conflict
GOP rallies around Thune after White House says Trump’s patience is ‘running out’
Six-figure private security bill for top Dem Senate hopeful fuels GOP hypocrisy claims
Former Biden Admin Official Roasts Kamala’s 2028 Chances on Fox News: ‘She Follows’
Defense industry leaders align with Trump admin plans in closed-door strategy session on Iran war funding
Justice Department withdraws subpoenas to New York Times reporters
Nancy Guthrie mystery: ‘Today’ show intruder sparks security shakeup at NBC studio
WATCH: ‘Shocking’ Ben Franklin smear leaves Smithsonian chief with ‘no regrets’
Former CIA Director James Woolsey, Who Served Under Clinton and Later Advised Trump, Dies at 84
Vance Boelter sentenced for shootings of Minnesota lawmakers and spouses
Montana Teen Says God Coached Him As He Used a Lasso Rope to Save Man from Drowning
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.
