U.S. Jobs Report Crushes Expectations, Again!
You might not know it from the mainstream media reports, but the Trump Administration’s America First policies have waved a magic wand over the economy. Despite global downturns due to the coronavirus epidemic and the economies of nearly all European nations and China suffering stagnation, the latest U.S. jobs report just blew all expectations out of the water.
The Department of Labor anticipated that the non-farm payrolls would improve by 175,000 jobs in February. But the robust U.S. economy added a STUNNING 273,000 jobs and sent the unemployment rate the unprecedented rate of 3.5 percent—a level not achieved in the last 50 years.
Hospitality industry gains for the month posted eye-raising numbers with food and drink service jobs hiking up by 53,000. It’s essential to note that growth in traditionally leisure spending areas are signs that everyday Americans have extra cash and strong economic confidence.
Healthcare-related occupations increased by 57,000, which was not considered out of the ordinary. But the construction sector added 42,000 in a telltale sign of steady economic growth. Doubling-down on these positives, the average hourly wage upticked by 0.3 percent for the month and totaled 3-percent growth over the past year.
Despite the surging employment benefits being delivered by the America First agenda, the biased mainstream media continues to run its redundant narrative that the other shoe is about to drop. Everyday Americans have been hearing this tired propaganda since Donald Trump won the 2016 election.
These are examples of media outlets attempting to now leverage the coronavirus to subtly undercut economic confidence.
“While it’s too early to see the impact of the coronavirus on the labor market, we can say the labor market was in a good place before the virus began to spread,” Indeed economic researcher Nick Bunker reportedly said. “But the next few months will be a test of just how resilient this labor market is.”
“This could be the last perfect employment report the market gets for some time,” MUFG Union Bank economist Chris Rupkey reportedly said to the media.
“If we start to handle things the way they’re handled in Italy and South Korea, closing schools and having mandated cancellations of travel and sporting events, I think there’s no way we don’t start to see it in the labor market, and in consumer confidence and spending,” investment strategist at Charles Schwab, Liz Ann Sonders reportedly said to the media.
This hoax and others about an imminent recession are likely to continue into 2024 from the go-to “experts” left-leaning outlets use. However, the latest gains deliver an engaged workforce that totals 158.8, reviving the historic December record. The Department of Labor also adjusted the previous two months of employment estimates in a positive direction.
The December statistics have been changed from 147,000 new jobs to 184,000. January, likewise, enjoyed a definite increase from 225,000 to 273,000. The last three months have averaged 243,000 jobs added, and those numbers far outpace the 2019 average of 178,000 monthly. Simply put, the jobs market looks like an unstoppable force, and the country is already widely considered to be at full employment.