Weak Jobs Report Clouds the Economic Picture
Posted on AllSides March 8th, 2019
From The Left
Employers increased payrolls by only 20,000 in February, a stark contrast to the two preceding months.
The Labor Department released its monthly hiring and unemployment figures for February on Friday morning, providing one of the better snapshots of the state of the American economy.
■ 20,000 jobs were added last month. Analysts had expected a gain of about 175,000, according to MarketWatch. It was the 101st straight month of job gains, but the weakest report since September 2017.
■ The unemployment rate was 3.8 percent. It was 4 percent in...
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