US economy smashes estimates, adds 273,000 jobs in February amid coronavirus outbreak

[F-22Raptor]

Government data out Friday indicated that the US economy added jobs at a faster than expected pace in February, offering an upbeat snapshot of the labor market at a time when the coronavirus outbreak began to spread from China to the US and dozens of other countries.

The Bureau of Labor Statistics said 273,000 nonfarm payrolls were created last month, the same as the January number — which was revised up from 225,000 — and higher than economist forecasts for 175,000. The unemployment rate edged lower to 3.5%, its lowest level in half a century.

https://markets.businessinsider.com...th-unemployment-coronavirus-2020-3-1028972006

 

[Successwill]

The impact of coronavirus is yet to come. USD sell-off frenzy seems to have slowed to a degree for today, after minor correction it will resume next week most probably. Money flows to safe heavens like Gold, JPY and CHF. EURO is on the rise. Investors enjoy the positive swap meanwhile

Also another rate cut may come in March from FED, the market is pricing this scenerio. FED's surprise decision to cut rates this week means the effect of virus expected to be significant.

 

[leviathan]

Government data out Friday indicated that the US economy added jobs at a faster than expected pace in February, offering an upbeat snapshot of the labor market at a time when the coronavirus outbreak began to spread from China to the US and dozens of other countries.

The Bureau of Labor Statistics said 273,000 nonfarm payrolls were created last month, the same as the January number — which was revised up from 225,000 — and higher than economist forecasts for 175,000. The unemployment rate edged lower to 3.5%, its lowest level in half a century.

https://markets.businessinsider.com...th-unemployment-coronavirus-2020-3-1028972006

LOL still no test kit available yet, wait until the virus gets everywhere and see if your job number.