State of the Economy

Posted on AllSides March 9th, 2020

“U.S. employers maintained a robust pace of hiring in February, giving the economy a strong boost heading into the coronavirus outbreak… Nonfarm payrolls increased by 273,000 jobs last month as unreasonably mild weather continued to boost hiring in weather-sensitive sectors.” (Reuters)

“In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point [last] Tuesday in an effort to support the economy in the face of the spreading coronavirus.” (AP News)

The left is focused on worrying economic trends and generally thinks that the Fed’s...

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