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.
Grieving mothers scorch Dem lawmaker after he pivots during hearing to attack ‘MAGA Republicans’
Newsom PAC bought thousands of memoir copies about his hardships, juicing sales
Report: California Using Taxpayer Funds to Give Homeless Transgender Illegals Sex Changes
Iran Has ‘Agreed to Everything,’ Trump Says
Video shows teen snatched at bus stop – but victim slips SOS at gas station to escape repeat offender suspect
Utah leaders launch probe into Supreme Court justice over alleged relationship with redistricting lawyer
Texas AG sues Houston mayor and city council over new sanctuary city ordinance limiting ICE cooperation
Jury Awards $300,000 to Woman Who Drank 14 Tequila Shots on Carnival Cruise Ship
Judge Called Out Former Lt. Governor’s ‘Very Concerning’ Behavior Days Before He Killed His Wife
1 million bees swarm highway after crash shuts down interstate ramp for hours
DOJ shakes up lead prosecutor handling Brennan investigation in South Florida, sources say
Turkish grad student who co-authored anti-Israel op-ed at Tufts self-deports after legal battle with DHS
Harris blames Trump for rising gas prices — after once saying they’re the ‘price to pay for democracy’
Numerous House Republicans Band with Democrats to Block Trump’s Desired FISA Extension
Watch: ‘Not Really Religious’ Artemis II Cmdr. Reid Wiseman Broke Down in Tears After Flight When He Saw the Cross on Navy Chaplain’s Collar
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.
