February Jobs Report: 273,000 Added,
Unemployment At 3.5%
Daily Caller,
by
Mary Margaret Olohan
Original Article
Posted By: Imright,
3/6/2020 9:00:40 AM
The U.S. economy added 273,000 jobs in February, while the unemployment rate was almost unchanged at 3.5%, according to Department of Labor data released Friday.
There were 273,000 jobs added in February, according to the Bureau of Labor Statistics report — about 48,000 more jobs than were added in January.February’s unemployment rate dipped slightly to 3.5% from January’s 3.6%, which matched September’s lowest unemployment rate since December 1969. Job numbers in February smashed predictions from economists, who warned that jobs might take a hit due to increasing illness and anxieties
Reply 1 - Posted by:
chance_232 3/6/2020 9:04:20 AM (No. 338363)
How can this be? The dems keep telling me that the economy only works for the wealthy. /S/
9 people like this.
Reply 2 - Posted by:
bpl40 3/6/2020 9:46:50 AM (No. 338419)
The Market seems to be headed for another1000 loss day. Corona virus 'fears'? Manipulation seems to be a more likely reason!
7 people like this.
Reply 3 - Posted by:
John C 3/6/2020 9:48:23 AM (No. 338424)
I thought we had run out of employees and we had to import millions. Where did the 273,000 come, where they clones or have the reports been wrong all these years?
0 people like this.
Reply 4 - Posted by:
Pearson365 3/6/2020 9:48:51 AM (No. 338425)
Congratulations to President Trump and his economic advisors for enacting pro growth policies that are benefiting the country. Well done, and thank you.
What’s interesting is that February’s unemployment rate of 3.5% is the lowest since December 1969. In 1969, we had nearly 500,000 US service personnel fighting in/around South Vietnam. We also had 300,000 US troops in Germany and 60,000 more in South Korea. Plus a far larger Strategic Air Command, hundreds of military bases in the US and abroad. We also didn’t have the anti-growth EPA, OSHA and countless other federal agencies. It was far easier to start a business and to hire and promote competent people. To achieve our current low unemployment rate is truly amazing, and President Trump is the primary reason for this achievement.
6 people like this.
Reply 5 - Posted by:
TrueBlueWfan 3/6/2020 11:48:28 AM (No. 338551)
On FoxNews this morning, some were saying this was before the "Coronavirus fears", but I disagree. It seems like the majority of February, the media talked about this. 273,000 is an incredible number considering all that has been dumped on us in the past month.
2 people like this.
Reply 6 - Posted by:
DVC 3/6/2020 1:13:34 PM (No. 338629)
Historically, 4% unemployment was always taught in economics classes in college as "full employment", a number which was extremely difficult to get below.
And Trump has been below that level for most of his three years. THAT is massive winning, and redefining what the limits are to economics.
Go Trump! KAG!
1 person likes this.
Reply 7 - Posted by:
DVC 3/6/2020 1:18:01 PM (No. 338633)
Re: #2, High variability in uncertain times is normal on the market. People need to relax and trust that the underlying business climate will eventually sort it out, and go back rising.
The only real way to lose in this market is to get out and sit on the sidelines. The "sell low, buy high" theory which many amateur investors insist on sticking to is very destructive to long term wealth growth.
Some insist on getting out when the market drops - selling low, and waiting until the market recovers and they are again comfortable, to buy back in. Sell low, buy high......exactly backwards.
1 person likes this.
Reply 8 - Posted by:
worried 3/6/2020 2:17:07 PM (No. 338702)
#7, are there people actually dumb enough to do that? If so, I'm glad I won't be around to see what this country becomes.
0 people like this.
Reply 9 - Posted by:
DVC 3/6/2020 2:34:28 PM (No. 338724)
#8, actually it is very common for people "managing their own portfolio" to get spooked and frightened by market drops and fearing "all my money will be gone", they sell out - ALL. One friend and one relative have done this, at great financial loss. A few years later, after the market has rebounded, on the way up, they are comfortable and buy back in. A sad, common story. And they lock in their losses that way.
One, a female engineer, got out in 2008/9, and stayed out for about 6-7 years, locked in a huge financial loss, is selling her home because she can no longer afford it in her retirement. OTOH, we rode it down, kept pumping in our normal investment cash flow, and by 18 months later our net stock value was back even and rapidly climbing. And we added investments at the "on sale" prices, too, lowering our net investment cost.
0 people like this.
Reply 10 - Posted by:
bad-hair 3/6/2020 2:43:14 PM (No. 338736)
Wish I had a comment Oh Yes I Do KAG
0 people like this.
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