Job growth smashes expectations for February as unemployment falls back to 3.5%

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Despite the efforts from the deranged Left, the Trump economy continues to boom. A landslide is coming for President Trump this November. #Winning #Trump2020

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Job growth smashes expectations for February as unemployment falls back to 3.5%

By NBC News, March 6, 2020:

Nonfarm payrolls grew far more than expected in February as companies continued to hire amid a growing coronavirus scare.

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%.

Economists surveyed by Dow Jones had been looking for payroll growth of 175,000 and a 3.5% jobless level. Average hourly earnings grew by 3% over the past year, in line with estimates, while the average work week, considered a key measure of productivity, nudged up to 34.4 hours.

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.

Despite the strong numbers, Wall Street was heading for more losses stemming from worries over the effects of the coronoavirus outbreak, though Friday’s futures were off their bottom after the report.

“This could be the last perfect employment report the market gets for some time,” said Chris Rupkey, chief financial economist at MUFG Union Bank.

https://www.facebook.com/DonaldTrump/videos/622259491670367/?t=7

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AR154U☑ᵀʳᵘᵐᵖ DEPLORABLE 2020
AR154U☑ᵀʳᵘᵐᵖ DEPLORABLE 2020
4 years ago

comment image

knightsstrength
knightsstrength
4 years ago

Biden’s nothing but thieves

TD
TD
4 years ago

Biden: “Learn to “quid-pro” Code.

knightsstrength
knightsstrength
4 years ago

Australia needs a Trump as we are so sold out by our government’s. Every one should view what is happening below as it includes countries running on negative interest. We do not want to pay banks for every transsction

Everything political stinks , and Australia is running on an oily rag. Only one who comes close to Trump is One Nations Pauline Hanson, but does not have the money.

Just a few articles from Australia last couple days
Australia is ‘paying the price’ for destroying agriculture: Katter 5-3-20
https://www.skynews.com.au/details/_6138600609001

Orwellian new law’ seeks to ban cash transactions over $10,000 4-3-20
https://www.skynews.com.au/details/_6138259787001

New ‘cash bill could destroy trust in banks and the government’: Malcolm Roberts 3-3-20
https://www.skynews.com.au/details/_6137874942001

Sale of dairy industry to Chinese investors an ‘affliction’ on Australian sovereignty 5-3-20
https://www.skynews.com.au/details/_6138580998001

TD
TD
4 years ago

“Sale of dairy industry to Chinese investors an ‘affliction’ on Australian sovereignty 5-3-20 ”

Sigh! The CHINA TRADE ACT OF 2000 again! and other “China Acts” around the world. In US, Bill Clinton and Joe Biden pushed for it.

millions lost and now viruses. If there’s one thing we have to do in America, it’s to throw out the party that gave us that act. the Democrat party.

knightsstrength
knightsstrength
4 years ago
Reply to  TD

We have to fight not only the Demoncrats but the UN that is pushing all through it’s different agreements all chipping away at Western Values such as the Lima Declaration

knightsstrength
knightsstrength
4 years ago

Trump do not forget to hammer home the prosperity the US is now moving to often before the elections to all in USA

taxpayer22
taxpayer22
4 years ago

After the 1992 election, 15 of the 20 most manufacturing-intensive Congressional districts in America were represented by Democrats. Today, all 20 are held by Republicans.

TD
TD
4 years ago

Why I visit sites like Geller Report.
To remind me that this is also more than just about the economy (which is record-breaking) or the stock market.

protecting Western Civilization and western values, the constitution. my reason for supporting the Pres. regardless of where the market is.

TD
TD
4 years ago

Why I visit sites like Geller Report.
To remind me that this is also more than just about the economy (which is record-breaking) or the stock market.

protecting Western Civilization and western values, the constitution. my reason for supporting the Pres. regardless of where the market is.

TD
TD
4 years ago

“Despite the strong numbers, Wall Street was heading for more losses stemming from worries over the effects of the coronoavirus outbreak”

The CHINA TRADE ACT OF 2000. the cause of our dark dependency on China.
3 Million jobs lost and Now Corona. and Nukes in North Korea.

What a stupid deal.

BILL CLINTON led it. Joe Biden voted for it. and been getting Chinese bribes for 25 years.

CORONA is mostly a Democrat virus.

patd
patd
4 years ago

And anyone that doesn’t vote to keep a real American in our WH and Houses come November doesn’t have a functioning brain cell!!!! I am not tired of winning….KAG Trump 2020!!!!!

patd
patd
4 years ago

is piglosi tearing up this report too since the POS fugly skank that all of this good news is lies and false??? I am NOT tired of winning!!!! KAG Trump 2020!!!!

John Acord
John Acord
4 years ago

The COVID-19 pandemic illustrates one of the dangers of globalization, especially with China and much of Asia. Anyone who has been to China knows how congested, unsanitary, poverty-stricken, and polluted the country is. China has always been the breeding found of plagues and infestations that have afflicted all of Eurasia and continues to be the primary source today. The folly of exporting manufacturing and services to China in being exposed, especially the pharmaceutical and electronics industries. Far better To bring these home where labor costs may be a bit higher but the supply train remain intact.

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