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.
UN nuclear watchdog says Iran nuclear site damaged in strikes
Justice Department’s new policy saves $1.6 million in taxpayer dollars previously spent on transgender procedures
Supreme Court blocks California ban on notifying students’ parents about gender transitions
Cornyn wants to work with Trump to fix ‘broken’ immigration system if reelected
BREAKING: US Embassy in Riyadh, Saudi Arabia Hit by Multiple Iranian Drones
Markets Handle Iran Strikes Brilliantly as S&P 500 Has Biggest Intraday Recovery in 5 Months Finishing Positive for the Day
Trump sends official notification to Congress on strikes against Iran
Virginia Mom Allegedly Murdered by Illegal Alien with 30 Priors Only Weeks After Dem Governor Blocks ICE Cooperation
Department of Education Honors Charlie Kirk with Banner as Part of America’s 250th Birthday Celebration: ‘Heroes in American Education’
Watch: Responding to an ABC Reporter, Trump Just Issued the Coolest Wartime Quote in Presidential History – It’ll Never Be Topped
Iran Update: Trump Says Attack Is Moving Much Faster Than Expected With 1,200 Targets Hit and the Entire Iranian Navy Neutralized
Musk, xAI tout newest Grok update as only ‘non-woke’ platform: ‘Doesn’t equivocate”
Trump admin warned lawmakers Israel was ‘determined to act with or without us’ before massive Iran strikes
Tarot influencer’s claims in Idaho college murders case spark courtroom reckoning
New Jersey-bound United flight makes emergency landing at LAX after engine fire
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.
