February’s job report paints a rosy picture of the economy — that is way out of date

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February’s robust jobs report showed an economy that seemed to be picking up steam — but more recent data pointing to an imminent slowdown continues to accumulate.

Samana noted that, at 243,000, the three-month average of job creation was greater than both the six-month and 12-month averages. Other metrics, such as hours worked per week and labor force participation, also showed improvement. “If not for the coronavirus, we’d be on pretty good footing,” Samana said.

“It’s great that today’s jobs report exceeded expectations. However, it is a look in the rearview mirror,” said Daniel Zhao, senior economist at Glassdoor. “JOLTS data — which shows the number of job openings — has collapsed, down 12.7 percent in two months,” said Dan North, chief economist at Euler Hermes North America.

Wright said iCIMS’ internal figures, which were gathered over the course of February rather than a single reference week, likewise indicate a deceleration on the horizon. “In our own data, we saw signs of broad-based weakening and even perhaps readjustment around supply chain disruptions,” he said.

 

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No Shi$?

It would literally kill you to not try to spin Trump positives wouldn't it

Think you mean the Global economy is running out of steam get your facts right

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