US Economy Adds 379,000 Jobs in February

Headline Roundup March 5th, 2021

U.S. employers added 379,000 jobs in February, the Bureau of Labor Statistics reported Friday. The unemployment rate changed from 6.3% to 6.2%, with 10 million people still classified as unemployed. Of the job gains, 355,000 came from the hospitality and leisure sector, including 286,000 from restaurants and bars. 86,000 and 61,000 jobs were lost in government and construction, respectively.

Coverage followed similar narratives on all sides but was more prominently featured in some center- and left-rated outlets. Business-focused outlets from across the spectrum published coverage of the stock market’s reaction to the jobs report. Some coverage in center- and left-rated outlets also focused on women reentering the workforce.

US Economy Adds 379,000 Jobs in February

From the Left
302

The US economy added 379,000 jobs last month, far more than economists had expected, signaling the labor market recovery is finally gaining steam.

The January numbers were also revised sharply higher to 166,000 added jobs versus 49,000 initially reported.
The leisure and hospitality industry added the most jobs in February with 355,000 new positions as some restrictions to stop the spread of Covid-19 were rolled back. The sector is still recovering from a rough winter, adding back positions that were lost rather than creating new jobs.
The unemployment...

Read full story
From the Right
302

The economy added 379,000 jobs in February and unemployment ticked down to 6.2%, the Bureau of Labor Statistics reported Friday, as the pandemic receded and commerce revived faster than projected.

Forecasters had anticipated fewer than 200,000 new nonfarm payroll jobs.

“In the coming weeks and months, as weather improves across the country, businesses welcome back more customers, and more vaccinations are administered, we should see a more substantial pick-up in hiring,” said Bankrate.com's senior economic analyst Mark Hamrick.

Read full story
From the Center
302

Hiring surged in February as U.S. economic activity picked up with Covid-19 cases steadily dropping and vaccine rollouts providing hope for more growth.

The Labor Department reported Friday that nonfarm payrolls jumped by 379,000 for the month and the unemployment rate fell to 6.2%. That compared with expectations of 210,000 new jobs and the unemployment rate holding steady from the 6.3% rate in January.

Read full story
Some content from this outlet may be limited or behind a paywall.

Try the New AllSides Mobile App

The only news app you’ll ever need. Now available on iOS and Android.