Originally published at: JOBS SURGE! Economic Growth Smashes Expectations in Feb, 273K+ New Jobs, Unemployment at 3.5% | Sean Hannity
The US economy continued to roar to life in February 2020 according to latest reports from the Labor Bureau; adding more than 273,000 new jobs as the unemployment rate dipped to just 3.5%.
“The Labor Department reported Friday that the U.S. economy added 273,000 new jobs during the month, while the unemployment rate was 3.5%, matching its lowest level in more than 50 years. An alternative measure of joblessness that counts those not looking for work and holding part-time jobs for economic reasons edged higher to 7%,” reports CNBC.
“There was more good news for the jobs market: 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,” adds the website.
Source: CNBC
