https://www.nytimes.com/2020/03/06/business/economy/jobs-report.html?emc=edit_
For the second month in a row, the economy churned out a blockbuster number of jobs, the government reported Friday, an impressive performance in an era of slow-and-steady employment growth.
With the coronavirus outbreak shaking economic confidence, the solid showing in February may not be a harbinger of continued strength.
Still, the report from the Department of Labor offered a refreshing breath of positive economic news. Employers expanded payrolls by 273,000 jobs in February, while revisions to data from previous months added 85,000 more jobs to the tally. The jobless rate ticked down to 3.5 percent.
“It’s certainly a relief that we had a strong tailwind,” said Diane Swonk, chief economist at Grant Thornton. “Service, leisure and hospitality, these are all very vulnerable. The good news is that these workers had some cushion ahead of time. It helps blunt the blow.”