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.
Slain NJ mom Brooke Hanlon’s family backs investigators two months after her stabbing death
Postpartum mom Lindsay Clancy on trial for murder brings court to a halt with sudden breakdown
Trump State Department Axes Biden-Era Initiative That Sought to Spread DEI Around the World
Why She Left: Details of Karoline Leavitt’s (Not So) Abrupt Departure and Just How Much Trump Adores Her
California Dem ripped for ‘perverted agenda’ ahead of fundraiser at risqué nightclub
GOP congressman’s ex-wife sues, alleging sensitive image of 2-year-old daughter was posted online
Extremism expert hailed as ‘terrific’ by ex-Biden official slapped with federal charges
Florida State University hit with federal civil rights investigation over race, sex-based scholarship programs
Dinesh D’Souza Shows the Truth of the Bible Through Biblical Archaeology
What is a special grand jury? Latest Jeanine Pirro move stirs up questions
Police rescue 60 cats and kittens from abandoned sailboat off Washington beach after 6-day operation
Ex-officer accused in New Orleans mass shooting plot released without charges
Lifelong Lib Chris Matthews Goes Scorched Earth on Far-Left Dems, DSA Members: ‘I’m Not with This Crowd’
Convicted rapist who preyed on women at America’s top party school faces reckoning after courthouse dash
LA Lakers Sold to Ex-Disney CEO and Jared Kushner’s Brother for Record-Breaking Price
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.
