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.
California allocating $35M to support illegal immigrants amid Trump’s mass deportation agenda
Biden friends voice concern over increased fatigue amid cancer battle: report
Manhunt underway after Missouri deputy slain, suspect’s truck spotted heading toward Arkansas border
House Dem compares Trump’s illegal immigration crackdown to ‘terrorism,’ vows to abolish ICE
Abbott surges Texas troopers to border after cartel kingpin’s killing sparks violence in Mexico
Notorious Mexican Drug Lord Was Killed After Secret Rendezvous with Lover Went Awry
California Gov. Gavin Newsom Accused of Racism After Making SAT Score Comment to Black Mayor
Mamdani’s NYC: Mayor Says Deaths During ‘Historic’ Blizzard Were ‘Overdose Related’ and Not Due to Weather Conditions
Social media erupts after Stephen King makes false claim about Trump’s family: ‘What is this sh–?’
Jack Smith’s Report from President Trump’s Classified Docs Case Permanently Blocked by Judge Aileen Cannon
Republicans make new House push on cartels after death of Mexico kingpin
Trump’s ‘worldwide tariff’ sets stage for rebuke from Congress ahead of midterm elections
Trump Predicts Supreme Court ‘Will Find a Way to Come to the Wrong Conclusion’ on Birthright Citizenship
ICE arrests convicted pedophiles, violent assailants as Trump meets with Angel Families
Ex-Navy SEAL puts ‘deranged’ Mexican drug cartel on notice after violent weekend: ‘More like ISIS’
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.
