BREAKING: U.S. economy added 273,000 jobs in February in what economists predict could be a 'calm before the storm' amid the coronavirus crisis.
The economy gained 273,000 jobs in February, well above economist predictions, according to monthly employment data released Friday by the Bureau of Labor Statistics.
The February jobs report, which includes data collected before the coronavirus epidemic hit the U.S., also shows the unemployment rate fell from 3.6 percent to 3.5 percent.but declines are expected going forward, as the labor market tightens, leaving fewer workers looking for a job. While the government’s monthly employment snapshot does not include any virus-related numbers, this could be a question of the"calm before the storm,” economists predicted. Future months are expected to show just how much the viral outbreak has dinged the economy.
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