Great jobs report smashes expectations. 273,000 for Feb.; wages stay strong; unemployment lowest in over 50 years.
And the previous two months were revised upward by 243,000. Wages continue their 19 consecutive month long streak of 3% or more y/y growth each month since mid 2018, something the US hadn't seen for a long time. For perspective the entire eight year Obama presidency only saw 4 months of 3% wage growth, and those were his first four months in 2009.
https://www.cnbc.com/2020/03/06/us-jobs-report-february-2020.html
I'm not one who's been talking about how awesome monthly job numbers have been. They've been solid but I think wage growth and job openings (which gives workers options) have been the more impressive metrics. However these numbers are truly great across the board. Nor have I paid a ton of attention to the nominal unemployment rate because it sometimes only tells part of the story, but the lowest unemployment rate in over 50 years is worth noting and is great news. Period.
Most of this report occurred before the concern over the corona virus got too intense (though Trump took that early, decisive action of restricting travel to China back in January), but at the very least this adds yet more proof that the economic fundamentals were very strong before the Chinese virus hit, and may still be if excessive disruption can be avoided.