U.S. labor market was strong in February, but coronavirus outbreak has upended future outlook
3/7/20
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from The Washington Post,
3/6/20:
The U.S. economy added 273,000 jobs in February, showing impressive strength before the coronavirus outbreak began weighing heavily.
The jobs data was collected largely before U.S. financial markets began a dramatic slide, oil prices fell sharply, the Federal Reserve announced an emergency interest rate cut and Congress rushed to pass an $8.3 billion spending bill to boost the government’s health readiness.
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