The jobs report fell short of expectations, to put it lightly.
TheStreet’s Bradley Keoun reported that the slow growth was in part due to the fading stimulus from President Donald Trump’s tax cuts, a Labor Department report showed Friday.
Nonfarm payrolls climbed by 20,000 in February, down from January’s pace of 304,000, the report from the Labor Department’s Bureau of Labor Statistics showed. The February figure compared with forecasts of 180,500 jobs, based on a survey from the data provider FactSet.
“Employment in professional and business services, health care and wholesale trade continued to trend up, while construction employment decreased,”