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Hiring Growth Slowed in February as Employers Struggled to Find Workers
Keywords: U.S. Unemployment 2019, U.S. Jobs Added 2019,
Tags: Current Focus, United States,
U.S. job growth slowed in February to just 20,000 jobs in nonfarm sector following strong gains in December and January. The 3 month average is 186,000 jobs created. Unemployment rate dropped to 3.8%. The figures are watched closely as Europe and China are showing slow growth. The European Central Bank said it will not increase interest rates till 2020 and announced fresh stimulus loans. The U.S. Federal Reserve is not expected to raise rates in the next few months. Economic output growth was 0.5% in the first quarter after 3% growth in 2018. Other reports show labor scarcity with wage growth outpacing inflation.
U.S. job growth and unemployment in 2019
03/08/2019
Grouped Articles
Hiring Growth Slowed in February as Employers Struggled to Find Workers
WSJ 03/08/2019
Weak Jobs Report Clouds the Economic Picture
New York Times 03/08/2019
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