Democrats Aren’t Going to Like Trump’s New Job Growth and Unemployment Numbers
America’s strong job growth is surprising even the experts. They predicted that there would be 175,000 new jobs in February. Instead, the economy created 273,000 jobs and the unemployment rate fell to 3.5 percent.
What’s more, December and January’s job numbers were adjusted upward by 243,000. And if you can stand it, here’s more.
CNBC:
The previous two months’ estimates were revised higher by a total of 85,000. December moved up from 147,000 to 184,000, while January went from 225,000 to 273,000. Those revisions brought the three-month average up to a robust 243,000 while the average monthly gain in 2019 was 178,000.
But before you pop the champagne corks and celebrate Trump’s re-election, there are storm clouds on the horizon. It looks like we’re in for some rough weather.
“While it’s too early to see the impact of the coronavirus on the labor market, we can say the labor market was in a good place before the virus began to spread,” said Nick Bunker, economic research director at job placement firm Indeed. “But the next few months will be a test of just how resilient this labor market is.”
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