Brian Snyder/ReutersFear of the coronavirus doesn't appear to have infected the U.S. job market yet, despite sending shivers through Wall Street.
A new report from the Labor Department says employers added 273,000 jobs in February — the same as in January. The February increase was about 100,000 more than private analysts had forecast. The unemployment rate dipped to 3.5%, matching a 50-year low.The evident resilience in the jobs report may be an artifact of timing. The report is based on surveys conducted three weeks ago, before the sharp jump in reports of coronavirus cases outside of China, where the outbreak began.
He warned that business and consumer caution about the virus is likely to weigh on job growth in the months to come. The pace of hiring in February was higher than the previous three months, in which employers added an average of 239,000 jobs. But there was little sign of the coronavirus contagion that's triggered a widespread selloff in the stock market.
The Dow Jones Industrial Average dropped nearly 970 points on Thursday and was down about 500 points Friday morning. The blue chip index has fallen about 13% from its peak in early February. The S&P 500 index and the Nasdaq have each tumbled more than 10% from their recent highs. Futures markets point to further declines on Friday.
At this point nothing this Administration ses can't be trusted there is no confidence left with this President.
Yes keep pushing the negative. Take away hope. You’re good at both. defundnpr
Anything good for USA bad for extreme leftwing political activists in fake media hence “resilience in jobs report an artifact of timing”.YES
Fearmongering and mass panic is bad for society that could otherwise be at peace.
How tragic the the people at NPR that use taxpayers funding is happy to see this epidemic spread and hurt people and the global economy. The same people that do not see a problem with killing full term babies.
Strong numbers ..... Impressive..... Great job by the Trump administration.... Keep up the good work realDonaldTrump BLEXIT
Next month estimate to be less reliable; most jobs added will be work at home; firms won't be sure who they really made offers to.. - High jobs report based on surveys conducted 3 wks ago- b4 sharp jump coronavirus cases in US 273K jobs added noted today
So we'll wait and see if it materializes. We have tangible job numbers. You're talking about possibilities.
Or the numbers are being gamed? Funny how the “good” employment numbers don’t appear to be manifesting in changes that typically occur when employment numbers are good.
I find it hard to believe that the number is the same as January's number. A copy and paste error?
The US is adding more and more jobs but providing less and less opportunity. How is that even desirable?
I'm glad there are so many jobs, because you're going to need 2 or 3 of them to make ends meet.
Evidence that an economy founded on a strong foundation is withstand a group of plunderers for a long time. I wonder for how much longer given the growing cracks.
So more lies.
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US economy smashes estimates, adds 273,000 jobs in February amid coronavirus outbreak - Business InsiderDon't be misled by the strong number. The full impact of the coronavirus wasn't fully reflected in the February report. How many lost their job? How many newly created jobs have retained those jobs? What are the jobs? What is the pay of these jobs? Where are the jobs located? Demographics of the jobs? How many of these jobs offer employee benefits? I need more analytical data when viewing.
Source: BusinessInsider - 🏆 729. / 51 Read more »
U.S. Economy Added 273,000 Jobs in FebruaryEmployers added 273,000 jobs in February and the jobless rate was 3.5%, signs of labor-market strength before the novel coronavirus spread widely in the U.S. China lied and people are dying because of them. BS! All the numbers from this admin are SUSPECT period!!!! This is a complete and total LIE
Source: WSJ - 🏆 98. / 63 Read more »
US added robust 273K jobs in February before virus escalatedBREAKING: Hiring 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 U.S. The unemployment rate fell to 3.5%, matching a 50-year low, down from 3.6%. Sure they did. They would never lie to us. I'm sure they are great paying jobs too. And Santa is real. Thanks Obama!!! MAGA KAG Landslide2020
Source: AP - 🏆 728. / 51 Read more »
US economy added 273,000 jobs in FebruaryThe US economy added 273,000 jobs in February, as the unemployment rate fell to a historic low 3.5% Real wages growth is STILL falling. Wait until next month since travel is down this month Why does this feel like a manipulated statistic? We were told all throughout 2008 that there was no crisis up until the election was over, then everything was 'revised' to indicate the crisis started 12 months prior.
Source: cnnbrk - 🏆 393. / 55 Read more »
Economy added 273,000 jobs in February — but coronavirus will likely take a bite next monthBREAKING: U.S. economy added 273,000 jobs in February in what economists predict could be a 'calm before the storm' amid the coronavirus crisis. Maybe Brian Williams shouldn’t be doing math on your station This balloon is ready to burst. We all know who is behind.
Source: MSNBC - 🏆 469. / 51 Read more »