Another Blow Out: American Economy Created 275,000 Jobs In February

[mystery-ak]

Another Blow Out: American Economy Created 275,000 Jobs In February

John Carney 8 Mar 2024

Employers in the United States added 275,000 workers to their payrolls in February, the Department of Labor said Friday.

The unemployment rate increased to 3.9 percent, up from 3.7 percent in the prior month.

Economists had forecast payrolls would grow by 200,000 and the unemployment rate would be unchanged at 3.7 percent. The top of the range of expectations for 260,000 jobs and a 3.8 percent unemployment rate.

Private payrolls grew by 223,000, far more than the 150,000 forecast. This is higher than the downwardly revised January estimate of 177,000 but lower than the 317,000 initially estimated for the first month of the year.

Last month, the government reported that the economy added 353,000 jobs in January, far more than expected. As well, the figures for December and November were revised up. This sowed doubt about the timing and extent of rate cuts by the Federal Reserve.

The December figure was revised down by 43,000 to a still very hot 290,000. The January estimate was revised down by 124,00o to 229,000. After these revisions, employment in December and January combined is 167,000 lower than previously reported.

more
https://www.breitbart.com/economy/2024/03/08/american-created-275000-jobs-in-february/

[andy58-in-nh]

Employers in the United States added 275,000 workers to their payrolls in February, the Department of Labor said Friday...

...to be revised downward, inevitably next month, after the exaggerated "print" has had its intended effect on the financial markets.


Green = headline number
Red = later revision

[Timber Rattler]

Another Blow Out: American Economy Created 275,000 Jobs In February

John Carney 8 Mar 2024

Employers in the United States added 275,000 workers to their payrolls in February, the Department of Labor said Friday.

The unemployment rate increased to 3.9 percent, up from 3.7 percent in the prior month.

Economists had forecast payrolls would grow by 200,000 and the unemployment rate would be unchanged at 3.7 percent. The top of the range of expectations for 260,000 jobs and a 3.8 percent unemployment rate.

Private payrolls grew by 223,000, far more than the 150,000 forecast. This is higher than the downwardly revised January estimate of 177,000 but lower than the 317,000 initially estimated for the first month of the year.

Last month, the government reported that the economy added 353,000 jobs in January, far more than expected. As well, the figures for December and November were revised up. This sowed doubt about the timing and extent of rate cuts by the Federal Reserve.

The December figure was revised down by 43,000 to a still very hot 290,000. The January estimate was revised down by 124,00o to 229,000. After these revisions, employment in December and January combined is 167,000 lower than previously reported.

more
https://www.breitbart.com/economy/2024/03/08/american-created-275000-jobs-in-february/

Part-time, low wage, jobs, with people having to take two or more of them just to make ends meet.

[LMAO]

Good news for Biden following a disastrous SOTU speech

Although it probably doesn’t matter at this point. The public has already made up their minds regarding this president

[mountaineer]

End Wokeness
@EndWokeness
11 out of the last 13 jobs reports have been revised down from the original headline-generating numbers.
The regime is cooking the books.

9:10 AM · Mar 8, 2024

Capitalist Mike 🇺🇲
@Capitalist_Mike
January's job numbers were revised down 35%. That's a big miss on reporting. The only logical conclusion is it's intentional to boost the numbers for the media and then quietly revise them down two or three times later
9:11 AM · Mar 8, 2024