United States economy creates paltry 20,000 jobs in February

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The construction sector saw the worst performance in February

Economists predicted that the first trimester of 2019 will see a plunge after the booming growth in the last 3 months.

"One month does not make a trend", she wrote.

The state Department of Labor (DOL) said Friday that an annual revision conducted by the U.S. Bureau of Labor Statistics (BLS) found that CT only added about 10,000 jobs past year, or almost half of what was originally estimated.

"If the party was over, we wouldn't see those wages coming in so strong", said Beth Ann Bovino, chief USA economist at S&P.

The sudden collapse in hiring showed deep job cuts in the construction retail and transportation sectors - is sure to revive worries about the dwindling supply of American workers.

BLS Revisions- The change in total nonfarm payroll employment for January was revised from 304,000 to 311,000, and the change for December was revised from +222,000 to +227,000.

"I think you will find probably find out it averages out", Trump told reporters on Friday. As growth in temporary help was not as weak as growth in overall employment, the temporary staffing penetration rate rose from 2.024% to 2.028% for the month. "Things are looking good!" the president tweeted on International Women's Day, although the figure he was referring to is really 3.8 percent.

The labor force increased by 7,200 from 3,833,200 in December, as 8,400 more residents were employed and 1,200 fewer residents were unemployed over the month. "You average the couple months together, and the jobs market is still doing well".

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The unemployment rate for Americans who didn't graduate from high school fell to 5.3% in February, the lowest level since the Labor Department began tracking that statistic in the early 1990s.

On a more positive note, the proportion of part-time workers who'd prefer full-time jobs fell sharply last month.

Education and Health Services added 1,300 (+0.2%) jobs over the month.

Average earnings in February were 3.4 percent grew to $27.66 per hour, a respectable gain compared to January's increase of 3.1 percent from a year ago.

And February's increase in average pay suggests that businesses are stepping up their efforts to attract and keep workers.

The data present a mixed bag for the Federal Reserve, which has said it will hold off on additional rate increases amid signs economic growth is moderating and the absence of inflation.

"Despite the slowdown, job growth remains strong enough for the labor market to continue tightening and put upward pressure on wages".

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