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.
Flock surveillance spreads across the South as red-state lawmakers seek to axe ‘1984’-style tracking tools
Dems Fight for Fraud with the ‘Stop Nick Shirley Act’
Beshear sends second letter to Mitch McConnell demanding ‘proof of your capacity to serve, or resign’
DCCC program knocks nearly 40,000 doors to mark 100 days from midterms
New audio undercuts Dems who defended Biden, slammed Hur after classified docs report revealed memory loss
Op-Ed: Don’t Follow the Left into Fratricide Over Israel
Trump welcomes Netanyahu to White House as raging Iran war threatens to sour US-Israel relationship
Christian Teacher Released from Prison After 700 Days for Refusing to Use Preferred Pronouns
Major CEO Predicts Another $100 Billion Is Heading Toward Trump Accounts
WATCH: E-bike teen takeover swarms downtown city streets blocking traffic, leading to charges
Savannah Guthrie’s emotional plea to mom’s kidnapper may signal ‘new line of communication’: report
Fauci privately took credit for COVID-19 lockdowns despite public denial, newly exposed diary entries reveal
Lindsey Graham’s final mission nears finish line as world leaders gather to honor him
Democrats target more GOP House seats after socialist victories rock left-wing primaries
Lindsay Clancy’s ex-husband details ‘big spiral’ as expert says one part ‘scared me’ in mom’s murder trial
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.
