Trump Effect: 313000 new jobs in February blowing out expectations
10 March, 2018, 00:39 | Author: Terri Saunders
In the strongest showing since July 2016, the unemployment rate in the United States remained low in February as USA employers added 313,000 jobs to the economy.
According to the US Bureau of Labor Statistics, the manufacturing industry added 31,000 jobs in February. The gaudier "2" in front of the payroll jobs number didn't reflect quite enough growth in the employed population to edge the unemployment rate down to 4 percent.
The department said African-American unemployment fell to 6.9 percent, after rising to 7.7 percent in January.
Construction firms added 61,000 workers, the biggest increase in almost 11 years for the sector. Hiring picked up at retailers, manufacturers and local governments, including schools.
"We've seen the labor force participation rate go sideways now for four straight years, and that is actually a big gain against what is a downward trend due to aging and other things", Federal Reserve Chairman Jerome Powell told members of Congress last week.
Job creation in the U.S. economy surged last month, but the annual rate of wage growth slowed.
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February's gains included an increase of 61,000 construction jobs - the biggest rise since 2007. Banks and financial institutions added 28,000 jobs. Within the industry, employment rose in transportation equipment by 8200 jobs, which includes motor vehicles and parts (up 6200), fabricated metal products (up 5900), machinery (up 5600) and primary metals (up 3700). But the decline in wage growth dampened concerns about inflation, along with "the concern that we're about to enter a rapid hiking cycle", Bartholomew said. It then takes a few weeks to sort through all the raw survey results and get the published job numbers.
Analysts have also said no one should call this economy a late cycle.
The employment report suggested the economy remained strong despite weak consumer spending, home sales, industrial production and a wider trade deficit in January that prompted economists to lower their growth estimates for the first quarter.
While the unemployment rate dropped during the Obama administration, critics pointed to another number that was falling: the labor force participation rate, a measure of the number of people who were actually working or looking for work.
Markets likely will react badly to a further rise in wage growth, especially if pay gains reach 3%, according to Jim Paulsen, chief investment strategist at The Leuthold Group.
Jobs grew 175,000 in December, 239,000 in January and 313,000 in February demonstrating a healthy and growing economy.
Government employment increased by 3,200, with local government gaining 2,700 jobs and state government increasing by 500 jobs. Since February 2017, the B.C. unemployment rate has dropped four-tenths of a point, from 5.1 per cent.
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Right on cue, rumors are starting to trickle in about the phablet phone-and it's already shaping up to be a monster release. As far as screen size goes, the Note 9 may well match the 6.3 inches of the Note 8 , just a shade bigger than the S9 Plus.
Hochuli officiated two Super Bowls in his career (XXXII and XXXVIII) as well as five conference championship games. In an interview several years ago, Hochuli noted that his career as a referee actually helped him as an attorney.
A five-judge Constitution bench of Supreme Court passed the order allowing passive euthanasia with guidelines. In March 2011, the Supreme Court passed a historic judgement-law permitting Passive Euthanasia in the country.
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At this point, it's still extremely early for this version of Android , so we certainly shouldn't expect it to be stable. Still, it's a fun demonstration of smart features we'll likely see in more smartphones in the future.
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The Mario Tennis Aces Release Date Has Leaked
The powerful " Zone and "Special" shots have the potential to damage and even break an opponent's racket if not blocked in time". The game features a "Swing Mode" which allows players to wield the Joy-Cons as if they were holding a tennis racket.
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Rex Pflueger scored 14 points, TJ Gibbs added 13 points and Colson provided 12 points for Notre Dame in the Virginia Tech game. I don't think a close loss gets them in and a blowout loss will take them out of consideration completely.
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