February jobs report stronger than expected

[Recursion]

https://www.investors.com/news/economy/jobs-report-273000-new-jobs-fed-rate-cuts-coming-dow-jones-dives-on-coronavirus/

The U.S. economy added a stronger-than-expected 273,000 jobs in February as the unemployment rate ticked back down to 3.5%. But Wall Street and the Federal Reserve are focused on the impact of the coronavirus, not last month's jobs number. The jobs report had no lasting boost for Dow Jones futures, which signaled heavy losses again for the stock market.

The Federal Reserve just slashed its key interest rate a half-percent in an emergency Tuesday move. Financial markets now expect another big Fed rate cut at the end of the central bank's regular March 17-18 meeting.

Wall Street economists expected 177,000 new jobs and steady 3.6% unemployment. Average hourly wage growth came in at 3.0%, as expected.

[blueinredohio]

1. I always see new jobs are added every month.

Where are they and are they decent jobs or minimum wage jobs? Also lots of jobs today are part time hardly ever 40 hours a week.

[Recursion]

3. They're in cities

Wages are going up at 3%, so they're decent-waged jobs, it seems.

[cwydro]

2. Everyone is hiring where I live.

The county alone has over 30 positions open, professional, non-professional, full time and part time.

But that report was released before this virus scare.

We’ll see what happens.

[Recursion]

4. Yup. March may be like a brick wall (nt)