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Breaking: U.S. Added 273,000 Jobs in February; Jobless Rate 3.5%

Published 03/06/2020, 08:34 AM
Updated 03/06/2020, 08:37 AM
© Reuters.

By Geoffrey Smith 

Investing.com -- The labor market was in fine form in the month before the coronavirus arrived in the U.S., according to government data released on Friday.

The U.S. economy added a net 273,000 jobs in February, the Bureau of Labor Statistics said. It also revised up January’s job growth to 273,000 from an initial estimate of 225,000.    

The jobless rate ticked back down to 3.5% from 3.6% as a result. The labor force participation rate stayed at 63.4%.

Average hourly earnings growth returned to 0.3% after dipping to 0.2%, the slowest in nearly a year, in January.

Average weekly hours rose to 34.4 from 34.3.

The data are usually among the most eagerly-anticipated in the financial markets’ calendar. However, global markets’ attention is currently focused on the worldwide spread of the Covid-19 coronavirus, and the measures being taken to address it.

The Dow 30 futures contract ticked up slightly after the numbers but were still down 2.2% from late Thursday.

Latest comments

The Fake News Media is here to spread fear for all, blasting fearful headlines non stop 24/7. That is what they do best.
All this positive numbers and the Fake downers still winning. It's a freaking flu!!!
it's a freaking flu that kills people over 50 or have health issues so I hope you freaking parents dont get it
thats when he will
Yeah a Flu that completely shut down China, the largest exporter in the world. Hmm, wonder what effects that will have on the economy. Or how Americans will respond to a lockdown.
Today, market will give a chance to sell by this.
There's no limit to the false data. I've never seen anything like it, trying to save "wallstreet" communicate false data. But this cover-up, like the non-existent cod-19 contagion, will soon be debunked... And there's going to be trouble...
You can easily research how this data is faked. For example a worker at university with a occupation of 20% is counted as a full time employee.
Trump attacked the WHO, accusing them of misrepresentation.In Italy the contagions are numerically out of control while in the USA there are practically very few cases. In Italy the health aid guarantees free assistance, in America it costs thousands of dollars. The Chinese index is already almost at an all-time high. The cut in rates has opened the doors to massive purchases of refugee goods (gold) and increased immeasurably the abandonment, by the largest operators, of the stock market sector.If you analyze the fundamentals of the largest American companies you realize that they have (even today) a value of even 100 times the corporate veil value.Do the math and you come to it... Hello
Yes, everything is free in Italy... one difference here in the USA is that we have an army that not only saved the world from fascism and continually does so but gives so much aid to many lesser countries like them. Of, next time you view the grandeur of Rome, look outward ro see how people there get to live.
that's all fake data and this epidemic is from United state not China if you look more deep into it
This corona virus should be banned now first we have seen trade talks now corona its more than enough. Now you have to live with this virus and take care of hygiene rather than afraid of this virua
coronavirus stared spreading in China as early as Nov 2019. Now USA has only less than 200 confirmed cases. God bless America.
Lol nice try unfortnately not even this will save market today..they did knock gold back from 1700 though nice trick
I think it will. About time for a rebound after an overreaction by the market
Guessing gold recovers by end of day...the 10 year is down 20% of Christ sake.  Buy gold.....
 I wish i understood what you told me, have no idea what your comments was in relation to
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