tyb
U.S. economy adds strong 273,000 jobs in February
Unemployment rate falls back to 50-year low of 3.5%. The U.S. in February added a surprisingly robust 273,000 new jobs for the second month in a row, but the threat to the global economy from the coronavirus could act as a brake on hiring in the months ahead.
An acceleration in hiring in the past two months nudged the unemployment rate down to 3.5% from 3.6%, matching a 50-year low. The increase in new jobs easily surpassed the 165,000 forecast of economists surveyed by MarketWatch. Hiring was strongest among health-care providers, restaurants, construction companies and government.
Before the employment report, premarket trading pointed to a big decline in the stock market. Stocks have gyrated wildly in the past few weeks, sinking one day and surging the next as investors try to assess the economic fallout from the coronavirus. What the February employment report shows is that the U.S. economy was in very good shape before the coronavirus began to take a toll. So far the damage has been limited, but it could grow in the months ahead until the virus is contained. Health-care providers led the way in hiring by adding 57,000 jobs. The industry has been one of the fastest growing for years in large part due to an aging population. Restaurants and bars filled 53,000 positions and government employment rose by 45,000, including 7,000 temporary Census workers. The federal government is expected to add up to 500,000 temporary workers for the 2020 Census and hiring is already underway.
Construction companies boosted employment by 42,000 in January to mark the second straight big increase. Unseasonably warm weather and rising demand for housing have given the industry a big lift. Low and still falling interest rates are stoking demand, but it remains to be seen if buyers are scared off by the coronavirus.
Manufacturers also added 15,000 jobs. Employment fell slightly among retailers and transportation companies. The amount of money the average worker earns rose 9 cents to $28.52 an hour last month.
The increase in pay in the past 12 months slipped to 3% from 3.1%. Wage gains have topped out at around 3% despite the tightest labor market in decades. Companies have relied more on fringe benefits and other sweeteners instead of higher wages to attract or retain workers. Employment gains for January and December, meanwhile, were revised up by a combined 85,000. The government raised the increase in new jobs in January to 273,000 from 225,000. December’s gain was lifted to 184,000 from 145,000.
Over the past three months, the economy had added an average of 243,000 new jobs a month, an extremely high number so deep into an economic expansion.
https://www.marketwatch.com/story/us-economy-adds-strong-273000-jobs-in-february-but-coronavirus-looms-as-threat-to-hiring-2020-03-06
The Dept of Commerce methodology is imperfect at best. They take rolling averages over 10 yrs and use that as it's data points to come up with these numbers. This is why the system does not criticize POTUS on this…it is their system and they created it
See here for a different perspective on these numbers: http://www.shadowstats.com/
Also futures no likey this as well as 10 year T-Note..Now with a 7 handle.
cap#2
https://www.bloomberg.com/markets/stocks/futures
https://www.marketwatch.com/investing/bond/tmubmusd10y
U.S. trade deficit falls 6.7% in January
https://www.marketwatch.com/story/us-trade-deficit-falls-67-in-january-impact-from-the-coronavirus-still-unclear-2020-03-06
LOBO715 USMC C-560 up from MCAS Cherry Point and NW
LOBO474 USMC C-560 up from MCAS Cherry Point and WS
82-8000 VIP up from JBA and heading to Nashville
R01O51 and R90104 USMC C-560's up from Dobbins ARB and NW. Nice little circle action just NE of Sewanee, Ga
chek dat… Sewanee, Tn
6 handle on the 10 year T Note now as well.
https://www.marketwatch.com/investing/bond/tmubmusd10y
click on Open Street map or OSM and play around with it. I have that version but it seems to be awfully buggy the last few days.
morning B. Busy already.
np with the distraction. I get that way when it's late too.
no problem on the notes. same places. 3 and 6 if it needs to go that far. I'll go do a few things now and be ready if needed.
09-00017 is up trailing POTUS so mebby a drop?
can't cap- ADS-B frozen off that trace seems to have an awful lot of correspondence to that. Who knows? Just aheads up