Job growth soars past expectations in February


It was another good month for jobs under the Trump administration.

Hiring topped expectations in February, as the labor market added 273,000 jobs, before the wide-spreading coronavirus began to affect the economy. Unemployment ticked down slightly to 3.5 percent, returning to a half-century low, the Labor Department said Friday. Average hourly earnings rose by 9 cents over the past year to $28.52

Mark Hamrick at Bankrate says Coronavirus hasn't hit the jobs market yet. And one thing to watch for as we go forward is the Consumer Confidence Index.

"That will probably feed into spending to some degree in the coming weeks and months," Hamrick said.

Hamrick also says that if you go by what's happened on Wall Street, the virus could impact jobs, too.

"The financial markets have been reeling from this. That's a signal that the impacts could be more significant than had previously been thought," Hamrick explained.


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