FIRST AIRED: March 8, 2019

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00:00:00
the effects of the thirty five day partial government shutdown may finally have showed up in the economic data the closely watched monthly jobs report released Friday showed a sharp slowdown in hiring during the month of February the twenty thousand jobs created last month was way below economists' forecasts I'm currently getting in New York some experts however are not ready to totally pin the blame on the shortfall on the after effects of the government shut down the construction sector saw a huge swing from job gains to losses and that's a sector that you don't associate with government hiring trends there are hiring actually saw a plunge of thirty one thousand that's the biggest drop in five years one other sector not related to the government leisure and hospitality added no jobs as well but there were some promising signs in the data suggesting the US economy is not about to fall off the cliff paychecks continue to swell in February marking the best annual wage growth in nine years and the unemployment rate dropped back down to three point eight percent but investors already spooked by economic slowdown in China and Europe focused on the negatives in this report as another sign the global economy may be headed for rough patch