USA economy creates paltry 20000 jobs in February

USA economy creates paltry 20000 jobs in February

Post-9/11 veterans also saw a drop to 3.4 percent after an increase in unemployment between December and January. The last few months showed a steady growth of 180,000 per month, with solid 304,000 jobs added just in January.

From January of 2018 to January of 2019, the Bureau of Labor Statistics estimates that MA added 27,200 jobs.

State labor secretary Rosalin Acosta said the state has maintained low unemployment despite significantly boosting its labor force.

The US economy added 20,000 jobs in February while wages continued to rise, according to a recent report by the US Bureau of Labor Statistics.

The January report said the private sector had fully regained the 112,000 jobs that were lost between March 2008 and February 2010, and private employers have added 115,400 jobs through January. CT has recovered just 84 percent of lost jobs and must gain another 19,300 to meet pre-recession levels, he said. Construction payrolls fell by 31,000 - harsh weather in February could have dragged down those numbers.

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Slowing global growth, a trade war with China and signs of increased caution among US consumers have led many economists to forecast weaker growth in the first three months of this year. This includes part-time workers who want a full-time job and people who are less active in seeking work. The reported gain of 1,100 jobs in December remained unchanged. On a y/y percentage basis, natural resources/mining, construction, and transportation and warehousing continue to be the three strongest, up 6.8%, 3.6%, and 3.1%, respectively, despite all three groups losing jobs for the month.

Staffing Industry Analysts' Perspective- After a surge of over 300,000 jobs in January, total nonfarm employment growth of 20,000 was disappointing. While the tariffs have benefitted some sectors, others like the automotive industry are dealing with increased raw material prices that are adding millions to yearly costs.

But the stumble in job growth, which followed two straight months of hefty gains, likely understates the health of the labor market as other details of the closely watched employment report were strong.

"Women's unemployment rate is down to 3.6 per cent - was 7.9 per cent in January 2011".

While optimism among US manufacturers remains high, for example, almost 72 percent of respondents listed hiring as a tob concern. And more Americans signed contracts to buy homes in January, propelled by lower mortgage rates.

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