US jobs report: Economy adds 273K jobs, unemployment at 3.5 percent

NY Post ^ | March 6, 2020 | 8:35am | By Noah Manskar

[Red Badger]

The American economy added 273,000 jobs in February, the feds said Friday, indicating strong hiring growth before the coronavirus outbreak slammed the US.

The Department of Labor’s monthly jobs report far outpaced economists’ expectations that non-farm payrolls would grow by 175,000 jobs. The unemployment rate ticked back down to 3.5 percent, matching a 50-year low.

While the latest numbers show the deadly coronavirus epidemic has not yet hammered the labor market, the worst may be yet to come as the outbreak reduces travel, disrupts supply chains and roils the stock market. The virus started to spread in the US late last month and has since killed 12 people and infected more than 200 here.

The February figures “provide a snapshot of the state of the labor market before the virus-related damage kicks in, presumably starting in March and intensifying into the second quarter,” Bloomberg economists Carl Riccadonna, Yelena Shulyatyeva and Andrew Husby wrote in a Friday commentary.

[eyeamok]

They should be reporting the number of people On Welfare, Food Stamps and Unemployment

[Hyman Roth]

IMPEACH!!!!!!!!!!!!!!!!!!

[CurlyDave]

This is going to sound morbid, but when the corona virus has run its course, it will have removed a number of older, less healthy people from the population.

This will probably give us an economic boost.

[Red Badger]

I was thinking about that the other day, being 65 now.

The Chinese may have discovered a way to shore up their Social Security and Medical system for the near future...........and everybody else’s too!

No wonder the Dems want open borders!.........................

[CurlyDave]

...I was thinking about that the other day, being 65 now...

I am older than that, but not planning to check out anytime soon.

BUT, when I think about the future I tell myself "Think Hezekiah, not Methusulah."