The Washington Post - "US Added 235,000 Jobs in February; Unemployment Rate Dropped to 4.7 Percent"
By Ana Swanson March 10 at 4:12 PM
- "The unemployment rate ticked down to 4.7 percent, compared with 4.8 percent in January, and wages rose by 6 cents to $26.09 in February, after a 5-cent increase the month before."
- "Measures of business and consumer confidence have risen in recent months, due in part to the continued long-run recovery of the economy and expectations of a more business-friendly environment under the Trump administration. In early March, Gallup's U.S. Economic Confidence Index, a measure of how Americans rate current economic conditions, rose to the highest level in its nine-year history."
- "The Labor Department also revised its estimates for job creation in December and January, increasing the total number of jobs added to 9,000 more than previously reported."
FoxBusiness - "Wall Street Ends Up; Jobs Data Points to Economic Strength"
Associated Press March 10
- "The Dow Jones Industrial Average ended up 44.79 points, or 0.21 percent, at 20,902.98, the S&P 500 gained 7.73 points, or 0.33 percent, to 2,372.6 and the Nasdaq Composite added 22.92 points, or 0.39 percent, to 5,861.73.."
- ""In the short term we're a little bit cautious (in stocks) because valuations are stretched. But as long as the economic data keeps improving and without inflation being an issue, any weakness becomes an opportunity to add (to equity longs)," said Sameer Samana, global quantitative and technical strategist at Wells Fargo Investment Institute in St Louis.."