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.
Popular Potato Product Faces Recall in 26 States
Can Trump Really Denaturalize Somalis En Masse?
GOP lawmaker renews oversight hearing request of DHS agencies following fatal shooting in Minneapolis
Meet the longtime biz partner of Ilhan Omar’s husband as questions swirl over her skyrocketing net worth
Anti-ICE Church Harasser Posted Profane, Ranting Video Before Arrest, Called to ‘Shut This Country Down’
Minnesota school board member Chauntyll Allen ripped by state lawmaker after anti-ICE church invasion arrest
ACLU seeks reinstated constraints on federal officers in Minnesota after Alex Pretti shooting
Narratives clash after Trump and victim’s family react to second Minneapolis ICE shooting
Neonatal Nurse Pleads No Contest to 9 Charges of Abusing Infants – Will Serve Disgraceful Sentence Despite Damning Video Evidence
Trump hails ‘great and very brave’ UK soldiers after slamming NATO allies’ Afghanistan service
Lutnick Rips Globalist Elites Straight to Their Faces for Pillaging the American Dream
European leaders insist ‘shifting international order’ is inevitable while holding out hope instability will pass
CNN Analyst: Even Most Democrat Voters Hate the Democratic Party
Gambling industry bankrolls members of Congress who push pro-gambling legislation
Judge blocks Trump admin from ‘destroying or altering’ evidence in deadly Minneapolis shooting
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.
