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BREAKING: U.S. economy added only 20K jobs in February vs. expectation of 180K increase; unemployment rate at 3.8%

 
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BREAKING: U.S. economy added only 20K jobs in February vs. expectation of 180K increase; unemployment rate at 3.8%
Job growth came to a near halt in February after a blistering start to the year, with nonfarm payrolls increasing by just 20,000 even as the unemployment rate fell to 3.8 percent.

It was the worst month for job creation since September 2017, offset somewhat by a solid increase in wages.

The month fell short of the relatively modest expectations of 180,000 from economists surveyed by Dow Jones. The unemployment rate had been projected at 3.9 percent from January's 4 percent.


cnbc.com/id/105782409
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Re: BREAKING: U.S. economy added only 20K jobs in February vs. expectation of 180K increase; unemployment rate at 3.8%
Winning
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Re: BREAKING: U.S. economy added only 20K jobs in February vs. expectation of 180K increase; unemployment rate at 3.8%
huge drop in unemployment and 3.3 yoy increase in pay -WOW
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Re: BREAKING: U.S. economy added only 20K jobs in February vs. expectation of 180K increase; unemployment rate at 3.8%
The U.S. labor market may not be as weak as February’s payrolls number suggested, but the report provides a reality check that a long-forecast slowdown is arriving.

U.S. stocks dropped along with the dollar, with the Standard & Poor’s 500 Index falling for a fifth day, while benchmark Treasury yields were steady as markets weighed the jobs report with the risk of greater inflation pressures.

[link to www.bloomberg.com (secure)]