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

Uncle Sam | 207353 hits | Mar 06 9:34 am | Posted by: N_Fiddledog

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

Comments

by N_Fiddledog
Fri Mar 06, 2020 5:39 pm
This bit of good news is worth noticing because it might be the last America gets until the Corona virus is dealt with.

Or as the article says, "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 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."
by BartSimpson
Fri Mar 06, 2020 7:02 pm
Yup. Hiring is going to drop off quite quickly as companies prepare for quarantines.

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