Economist predicted around 180,000 jobs would be added to the American economy….
A tad more than 10% of that number is reported to have happened…..
People gotta stop thinking Donald Trump knows what he doing for the American Economy…
Cause he doesn’t….
Higher taxes….
Trade wars…..
Economic uncertainty……
Immigration scares….
Hmmmm?
The signs keep multiplying 🙄…..
RECESSION…..
Are we gonna need a new Democratic President to do what Obama did last time and bail the country out of Republicans stealing the money for themselves and their friends?
The U.S. economy added 20,000 jobs in February, the Labor Department reported Friday, far below analysts’ expectations that the country would gain 180,000 jobs.
The unemployment rate dropped 0.2 percentage points to 3.8 percent as the labor force participation rate held steady at 63.2 percent. Hourly earnings also increased 3.4 percent in the past 12 months, beating expectations.
The underwhelming February numbers follow a stellar January jobs report, which was revised upward Thursday from 304,000 to 311,000 jobs.
Hiring was expected to drop slightly in February following 100 consecutive months of job gains and a slight slowdown in U.S. gross domestic product growth. Retail sales, exports, home sales and construction spending all fell sharply in December, raising fears of imminent trouble for the economy.
“February job growth was surprisingly slow as employers added to payrolls at the slowest pace since September 2017,” said Curt Long, chief economist at the National Association of Federally Insured Credit Unions.
“One poor report should not set off alarm bells, but given that the labor market is the lynchpin for the entire economy, it does add to existing concerns and raises the stakes for next month’s report.”….