February Jobs Report Comes in Huge: 313,000 Jobs Added
Nonfarm payrolls soared in February, rising by 313,000 jobs vs. 200,000 expected by economists. Unemployment remained at 4.1 percent.

Nonfarm payrolls soared in February, rising by 313,000 jobs vs. 200,000 expected by economists. Unemployment remained at 4.1 percent.

“The job market is red hot and threatens to overheat,” Mark Zandi, chief economist at Moody’s, said in a statement.

Economists had been expecting 226,000 new jobless claims, a rise over the previous week. Instead, claims unexpectedly fell by 10,000 to 210,000 in the week ending on February 24.

Economists had expected unemployment claims to rise to 232,000. Instead, they fell 9,000 to 221,000.

A new $950 million casino construction project is now underway that will bring Springfield, Massachusetts 3,000 new jobs, a report says.

African Americans families have been losing savings, property, and wealth for thirty years, and now are predicted to reach a median wealth of zero in 2053, predicts a new study by left-wing groups.

Jobless claims by U.S. workers posted their biggest decline in nearly two years, a further indication of the strengthening of the U.S. labor market.

In a bleak new report, the World Economic Forum (WEF) predicts heavy job losses to automation and robotics over the next four years as technological advances significantly reshape the industrial landscape. The WEF outlines its grim forecast for the labor
