February 2019 Jobs Report
Summary from the AllSides News Team
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From the Center
Hiring Growth Slowed in February as Employers Struggled to Find Workers
The unemployment rate edged down to 3.8%.
The unemployment rate ticked down in February but hiring growth slowed significantly, a sign employers could be struggling to find workers as the labor market tightens.
U.S. nonfarm payrolls rose a seasonally adjusted 20,000 in February, the Labor Department said Friday. The unemployment rate, a seasonally adjusted 3.8%, was down from 4.0% a month earlier.
From the Right
Payroll Gains Plunge to 20,000 as Wages Top Estimates
U.S. hiring was the weakest in more than a year while wage gains were the fastest of the expansion and the unemployment rate fell, a possible sign that America’s jobs engine is starting to slow down.
Treasuries rallied while the dollar and stock futures fell.
Nonfarm payrolls increased by 20,000 after an upwardly revised 311,000 gain the prior month, a Labor Department report showed Friday.
The median estimate in a Bloomberg survey called for an increase of 180,000. Average hourly earnings rose a better-than- projected 3.4 percent from a year...
From the Left
Weak Jobs Report Clouds the Economic Picture
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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