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.
‘Smart decision’: Swalwell’s resignation spurs praise from both parties after bombshell allegations emerge
US military kills 2 suspected cartel operatives in latest Eastern Pacific lethal strike, SOUTHCOM says
Swalwell’s ‘best friend’ in Congress turns on him after bombshell allegations torpedo his political career
Hegseth-affiliated pastor Doug Wilson says Trump ‘has to do better’ after AI Jesus debacle
Protests erupt in Ireland over high fuel costs caused by war in Iran
BREAKING: Second Member of Congress Announces He Will Resign, Papers to Be Filed Tuesday
DoorDash driver hails key Trump policy after delivering McDonald’s to White House: ‘I’m going to enjoy it’
Gabbard claims ‘coordinated effort’ by intelligence community to advance narrative to impeach Trump
Embattled Rep Tony Gonzales announces plans to resign amid sexual misconduct allegations
Tyler Robinson’s Legal Team Calls In Expert Witness Who Worked on Bryan Kohberger Case
Butler man’s online rants to kill Trump end in guilty plea after FBI probe
BREAKING: Eric Swalwell Has Announced His Resignation from the US House of Representative
Trump Uses DoorDash to Order McDonald’s Before WH News Conference, Tips Driver $100
WATCH: Laura Ingraham Beat Down GOP Rep. Mike Lawler on Air When She Appeared to Know the DIGNIDAD Act He’s Cosponsoring Better Than He Did
Tulsi Gabbard Releases New Documents Showing ‘Conspiracy Used by Congress to Impeach President Trump’
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.
