U.S. economy adds 379,000 jobs in February as hiring speeds up

The numbers: The U.S. created 379,000 new jobs in February — the biggest gain in four months — in what’s likely to be a preview of a surge in hiring in the months ahead as most people get vaccinated and the economy fully reopens.

Federal Reserve officials peg the jobless rate at closer to 10% after adjusting the data for distortions caused by the pandemic. Hiring is likely to spring back even stronger in the months ahead as the weather warms and Americans fell more confident traveling, dining out, going to a game or visiting a museum or amusement park.

State and local governments also shed 86,000 jobs last month, mostly in education, but the decline likely reflects seasonal distortions tied to the pandemic. Private-sector hiring rose an even stronger 465,000 in February when government is excluded. The big picture: The economy is poised to start growing by leaps and bounds again after a tough winter — if the coronavirus vaccines prove very effective.

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Unfortunately, those jobs are in the service sector which have very little to do with the nation's GDP or competitiveness in the global economy.

this must be horrible news for the market...

Virtual reality for the other 50%.

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As restaurants hire and COVID cases fall, the U.S. economy gains 379,000 jobs in FebruaryHiring rebounded sharply in February after a two-month slump with employers adding 379,000 jobs as falling COVID-19 cases fell and easing business restrictions offset harsh winter weather across much of the country. GrandFridayVigil 당신은 주님의 말씀을 거절하고도 예수님을 영접할 수 없습니다. Get Free 750$ Paypal Account Just Perticatipe Visite Link And More Information Note : USA People Only With well over 10 million and this number is more like 15 million still unemployed it will take a 6 years at 380,000 a month to just get back to what we had a year ago.
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U.S. Economy Added 379,000 Jobs in FebruaryEmployers added 379,000 jobs in February, adding fuel to renewed growth as the pandemic eases. The unemployment rate edged down to 6.2%. This means less stimulus. Sell everything WSJ, 👍🏼👏🏼❤️🇺🇸 There is no greater joy than having financial stability and a life free of debts, that’s why I keep tweeting a comment about gigsfrid
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