America’s non-farm payroll only rose by 20,000 in February, much weaker than expectedLatest: US jobs report shock!Construction and factories cut jobsEarlier:Norway to stop investing in exploration and production firmsChinese exports plunged 20% in FebruaryChina’s stock market slides, Europe down too 1.55pm GMT The slowdown in US job creation between January and February is one of the biggest swings ever:The difference of nearly 300k between February and January payrolls was the steepest month on month fall since June 2010, and the 3rd biggest downward swing in 20 years. pic.twitter.com/9OR0nILN3F 1.46pm GMT There is some good news in February’s jobs report — wage growth has picked up.Average hourly earnings rose by 0.4% month-on-month, up from January’s 0.1%. That pushed average earnings up by 3.4% year-on-year, up from 3.1%. Continue reading…
Via: US jobs shock as just 20,000 new workers hired in February – business live

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