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March 06, 2020

Unexpectedly, February's Job Creation Numbers Either "Smash" or "Crush" Expectations

Weird. I remember that under Obama, job creation expectations were always "unexpectedly" lower than the consensus estimates.

And now? They're nearly always higher.

"Unexpectedly" seems to mean "contrary to liberal-leaning professionals' desires."

2.73 trillion new jobs were added in February, demolishing expectations.

Wait a minute, I had a little MSNBC/New York Times innumeracy there for a second.

2.73 trillion jobs were not created.

I erred a little on the high side there.

But 273,000 jobs were created.

The figure crushed most analysts' expectations, as Wall Street anticipated job growth of about 175,000. February job growth was on par with January, which saw 225,000 new positions.

The unemployment rate dropped from 3.6% to 3.5%. And it was only at 3.6% last month because a surge of people joined the job market. And they seem to have now found jobs.

They say that the public's opinion about the economy is formed six months before an election.

That means that the left and NeverTrump and the media (But I Repeat Myself 3rice) have only one month left for that Big Trump-Killing Recession we've been repeatedl6y promised.

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posted by Ace at 03:49 PM

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