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 neighborhood on alert after bat found near sidewalk tests positive for rabies virus
Charter bus driver who allegedly caused crash killing 5 in Virginia charged with involuntary manslaughter
Trump floats replacing 250th anniversary concert with massive MAGA rally after artists pull out
Senate candidate Graham Platner sent explicit texts to multiple women while married, wife says: report
Delaney Hall protests intensify as far-left activists, ICE supporters converge in New Jersey
Gov. Sherrill blames ICE, defends rioters after deploying troopers to quell violent mob
What The Left’s Colorado Climate Lawsuit Is Really All About
New Yorker Sentenced To 40 Years in Prison After Slaying 4 People on a Midnight Rampage
CBS News’ Bari Weiss Fired A ’60 Minutes’ Producer Citing ‘New Approach’
Who Was in Charge? Dems Owe Answers After Jill Biden Says She Thought Joe Was ‘Having a Stroke’ During Debate
Why Does the Media Care That Has-Beens Are Withdrawing From ‘Freedom 250’ DC Event?
Watch: Mysterious Strangers Pile Out of Sewer Manhole, Prompts Police Investigation
WATCH: Disgraceful UK Police Chief Apologizes for Letting Student Bleed Out Because He Was Accused of Being a Racist
Anti-ICE agitator charged with allegedly biting officers during Delaney Hall clashes
Will China Really Invade Taiwan In The Next Five Years?
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.
