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.
Supreme Court climate case could bankrupt oil companies, send gas prices soaring, experts warn
Trump calls for Ukraine to replace Zelenskyy after clash over Russia diesel deal: ‘Get a new president’
Christa Pike discharged from hospital, returned to prison after botched execution, attorneys say
That Time an Activist Claimed 13 Million Blacks Are Killed by Police Each Year, Then Claimed ER Trip After the Internet Mocked Him
5-Time WNBA MVP Gets Roasted for Award Acceptance Speech That Ignores Her Past
President Trump blasts Nobel Peace Prize snub with blistering list of accomplishments: ‘WOW!’
Judicial Watch’s Thomas Fitton slams FBI’s ‘drip-drip’ release for 75,000 pages of Trump-Butler shooting files
Trump Admin Finally Restores Sanity Back to Title IX, Erases Biden’s Crazy Trans Sports Agenda
Democrats Campaigning Against Their Own Congressional Nominee Who Happens to Be in Federal Prison
Boxing Legend Mike Tyson Delivers Controversial Letter to Trump, Makes Bold Midterm Prediction
Erie shooting leaves nine dead, governor says
Zelensky Flips Out Over Trump’s Russian Fuel Deal, But New Report Says the Deal Is His Fault
Who is Sally Yates? Cornell rape-review pick was fired by Trump after refusing to defend travel ban
Letitia James faces new push to boot her from Cornell rape probe over alleged bias: court docs
Nonprofit rakes in over $320 million in private donations for Trump ballroom and DC beautification efforts
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.
