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.
Blue state mayor arrested for fraud sparks uproar for not speaking English in viral clip: ‘How is this real’
Socialists accused of ‘motor mouth’ rhetoric as longtime Dem strategist unloads on far-left candidate
Sammy ‘The Bull’ Gravano recounts turning on John Gotti
Tragedy Deepens as Hayden Panettiere Dad’s Friends Reveal He Was Only Just Beginning to Recover from Losing Son
Cop Fired After Allegedly Using Flock Cameras to Stalk Former Boyfriend – She Abused System 166 Times
Andy Burnham insists ‘zero consequence’ from falling for Susie Wiles impersonator as ministers’ phone numbers appear online
Appeals court upholds limits on warrantless ICE arrests at churches
Antisemitism fight explodes in Florida as voters head to the polls: ‘Political pogrom’
Lindsay Clancy’s family was ‘very concerned’ about her mental health in the months before she killed her kids
White House tears into Ossoff with brutal takedown after jab at key Trump aide: ‘Lightweight loser’
WNBA Forced to Issue Another Humiliating Response After Mom, Daughter Made to Cover Pro-Girl Shirts Opposing Trans Players in Women’s Sports
ICE Nabs Twice-Deported, Previously Convicted Drug Trafficker with 126 Kilos of Meth in Georgia
Iran fails to strike deal with US as deadline passes and Trump calls for ‘white flag of surrender’
Democrat Party’s civil war heads to Florida, Alaska and Wyoming and more top headlines
[4] Massachusetts Mayor Charged in Alleged $1.5 Million Pandemic-Era Loan Fraud And Money Laundering Scheme
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.
