155,215,000: Record Number of Americans Employed

[rangerrebew]

155,215,000: Record Number of Americans Employed

(CNSNews.com) - The number of employed Americans has now broken eight records, most recently in February, since President Donald Trump took office.

155,215,000 Americans were employed in February, 785,000 more than last month’s record 154,430,000, the Bureau of Labor Statistics reported on Friday.
 
Source URL: https://www.cnsnews.com/news/article/susan-jones/155215000-number-employed-americans-sets-8th-record-trump-era

[IsailedawayfromFR]

The booming economy is having the Dems really scared.

[Right_in_Virginia]

U.S. economy adds 313,000 jobs in February, crushing expectations
Yahoo Finance, Mar 9, 2018, Myles Udland

The February jobs report is out and it’s a huge beat.

In February, nonfarm payrolls grew by 313,000 and the unemployment rate held steady at 4.1%, according to the Bureau of Labor Statistics. Over the last three months, job gains have now averaged 242,000 per month. February’s payrolls gain was the largest since July 2016.

February marks the fifth-straight month the unemployment rate has been at 4.1%, which is the lowest level since December 2000. Economists had expected the report to show nonfarm payrolls grew by 205,000 during the second month of the year with the unemployment rate falling to 4%.

Wage figures were the biggest focus for investors ahead of this report as an acceleration in wage gains is seen as portending an increase in inflation, which could prompt the Federal Reserve to raise rates more aggressively than markets expect.

Following the the report, stock futures were higher with Dow futures up 150 points, or 0.6%, while S&P 500 futures were up 0.5% and Nasdaq futures were higher by 0.6%.

And so while wages were a disappointment, a bright spot in this report was the labor force participation rate, which climbed to 63% from 62.7%, the largest increase in this figure in years.

Labor force participation has been on the decline for years in the U.S. labor market, and February’s increase shows there is still slack remaining in the labor market to draw in workers who were left behind after the financial crisis.

Jed Kolko, chief economist at Indeed, noted Friday that the employment-to-population ratio for prime age workers — or those aged 25-54 — hit 79.3% in February, the highest since the middle of 2008.


More: https://finance.yahoo.com/news/live-february-us-jobs-report-125925800.html