New Jobs Report CRUSHES Expectations Yet Leftists, Wall St. Declare Economic Panic

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by Steve Watson, Modernity News:

The media reported the good economic news through gritted teeth

Amid a wave of full on panic in the stock markets and leftists declaring the economy is tanking into a recession, Friday’s new jobs report absolutely crushed all expectations with employers in the United States adding 228,000 workers to their payrolls in March when only 140,000 were forecast.

The Department of Labor stats revealed that private sector hiring was much stronger than had been anticipated. While economists had forecast 115,000 jobs, yet businesses added 209,000 jobs.

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The overall workforce participation rate climbed from 62.4 percent to 62.5 percent, while the average workweek lengthened, indicating an increased demand for labor.

The stats also revealed that average hourly earnings rose 0.3 percent on February and 3.8 percent from this time last year.

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