NAFCU economist: February jobs report ‘should not set off alarm bells’

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr NAFCU Chief Economist and Vice President of Research Curt Long noted that Friday’s jobs report – with 20,000 jobs gained in February – is not low enough to cause immediate concern.“February job growth was surprisingly slow as employers added to payrolls at the slowest pace since September 2017,” said Long. “One poor report should not set off alarm bells, but given that the labor market is the lynchpin for the entire economy, it does add to existing concerns and raises the stakes for next month’s report.”The unemployment rate dropped to 3.8 percent in February as the labor force participation rate remained at 63.2 percent, matching the highest figure since September 2013.In other report data, private-sector payroll employment increased 25,000 jobs during February. The goods-producing sector decreased 32,000 jobs, while the service sector increased 57,000 jobs. Public sector employment fell 5,000 from the prior month.last_img read more

Osage women dead after tree strikes her

first_imgOSAGE — An Osage woman is dead after an accident while cleaning up an area of timber on Thursday afternoon.The Mitchell County Sheriff’s Department says 52-year-old Jacqueline Kapustynski was killed while clearing an area of timber, with a tree getting lodged, falling and striking her.Authorities were called to the property in the 3500 block of Noble Avenue in Osage shortly before 3:15 PM. The Sheriff’s Department says emergency services responded to the scene but were not able to provide life saving measures.last_img