Headline Roundup • March 6th, 2020
February Jobs Report
Summary from the AllSides News Team
Featured Coverage of this Story
Breitbart News
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 February jobs report reflected much better than expected job gains and an unemployment rate back at a 50-year low, before the coronavirus outbreak escalated and threatened to weigh on economic activity.
The Labor Department released its February jobs report at 8:30 a.m. ET Friday. Here were the main results from the report, compared to consensus expectations compiled by Bloomberg:
Change in non-farm payrolls: +273,000 vs. +175,000 expected and 273,000 in January
Unemployment rate: 3.5% vs. 3.6% expected and 3.6% in January
Avg. hourly earnings, month on month: +0.3% vs....
Associated Press
WASHINGTON (AP) — Hiring in the United States jumped in February as employers added 273,000 jobs, evidence that the economy was in strong shape before the coronavirus began to sweep through the nation.
The Labor Department said Friday that the unemployment rate fell to 3.5% last month, matching a 50-year low, down from 3.6% in January.
The monthly job gain comes from a survey of payrolls in the second week of February, predating the viral outbreak. So far, there are few signs that the job market has been affected by...
AllSides Picks
More News about Economy and Jobs on AllSides
News from the Left
News from the Center
News from the Right
Fox Business
