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.
FN4220H8 title
FN4220H7 title
Minneapolis ‘Clan Violence’ Targets Scholar Who Exposed Ilhan Omar’s Father as Colonel in Bloody Regime, Forces Him to Cancel Visit: Report
Mamdani Vowed for Accountability in Catastrophic Building Collapse That Killed 8 – New Report Points the Finger at His Own Admin
Justice Alito warns America must preserve 3 core principles regardless of country’s ‘atmosphere’
White House lawyer’s hardball warning to Dems has legal experts on both sides questioning one key threat
Dems seize on midterm rout to demand ICE reform but polls reveal a twist in who prioritized immigration
Democrats eye killing Senate filibuster as lawmaker warns move could be a ‘double-edged sword’
Woke Formula One Driver Visits, Condemns Wall Imprisoning Palestinians – Clearly Has No Idea Egypt Actually Built It
The Genius Voting System We Could Use That Rewards Working, Military Service, and Age – Penalizes Taking Welfare, Being Criminal
Rep. Ro Khanna Demands We Begin ‘Rejecting This Idea of Heritage Americans’
Anti-Trump Republican courts other defectors as House weighs another vote against Iran war
Pentagon’s former UFO investigator offers simple theory for mysterious jellyfish-shaped object on video
Florida Republican on Democrats’ strategy: ‘That’s the choice they have to make…persecution or policy’
Transportation Sec. Sean Duffy Explains What Went Wrong as FAA Lifts Nationwide Ground Stop
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.
