The Unemployment Rate Can Only Go So Low

Greeley unemployment rate ticks up past state unemployment

Garden State Employment Increases in January

That raised the annual increase in wages to 3.4 percent, the biggest gain since April 2009, from 3.1 percent in January.

At the same time, policy makers and economists might wait for several months of weak hiring before concluding there's cause for concern in the labour market.

Wages were up 3.4 per cent from February 2018. The government shutdown only mildly affected the establishment report and had no impact on the jobs number, due to the Bureau of Labor Statistics's methods.

Hiring was slow in every industry except healthcare and white-collar businesses. The Labor Department noted that 390,000 people reported they couldn't get to work because of weather, after a relatively mild January. CT has recovered just 84 percent of lost jobs and must gain another 19,300 to meet pre-recession levels, he said.

Greeley unemployment rate ticks up past state unemployment
State Unemployment Unchanged at 3.7 Percent, Due to Revision

"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. Fed Chairman Jerome Powell said in congressional testimony last week that "the job market remains strong". Economists have been projecting that wages would increase as employers jockey to hire employees.

Slower hiring could also be a sign that employers are struggling to find workers.

But some are concerned that the USA economy may be catching a cold as Europe, China and much of the developing world struggles.

U.S. stock index futures extended losses and yields on U.S. Treasuries plummeted after the release of the data.

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"The reality is the economy is slowing". "To be sure, the aches and pains associated with the aging economic recovery are beginning to show up", he said. Jim O'Sullivan of High Frequency Economics agreed with others that special factors may be to blame for the sharp drop in hiring.

The Massachusetts unemployment rate is more than double - 7 percent - when those who are working part-time but would rather work full-time and those no longer looking for work were taken into consideration. They, however, say that source of labor supply is dwindling. Revisions as high as 100,000 jobs, plus or minus, are not uncommon.

The construction sector saw the worst performance in February.

Nonfarm payrolls increased by only 20,000 after a big gain of 311,000 in January, a Labor Department report showed on Friday.

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After the report was published, President Donald Trump hailed the strides made in female employment in the US.

Economic analysts offered a range of reactions to news of the weak job-creation numbers.

That was the fewest jobs gained in a month since September 2017.

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