February Jobs Report
Headline Roundup March 6th, 2020
The United States economy added 273,000 jobs in February and the unemployment rate dropped to 3.5%. Some center- and left-rated reporting outlets framed the growth as happening before the novel coronavirus began spreading in the U.S. Many reporting outlets also focused on the purported economic threat still posed by the virus, as well as revised jobs figures from January and December 2019, which boosted the number of jobs added to 273,000 and 184,000 for each month, respectively.
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....
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...