‘Longest Streak on Record’: Economists Praise ‘Very Strong’ Jobs Report

“The Labor Department’s report Friday also showed that the unemployment rate dropped from 4% to 3.8%, extending a sharp drop in joblessness as the economy has rebounded from the pandemic recession.”

Dean Baker, senior economist at the Center for Economic and Policy Research:

Economist David Rothschild:

Calling it “longest streak on record,” New York Times economics, business, and data reporter Ben Casselman notes: “We’ve added at least 400k jobs every month since May.”

“Strong payrolls growth. Similar strength in the household survey. Broad-based gains. People getting back to work. Robust revisions. And signs that wage growth may not be the constraint some had feared.”

Very very strong payrolls report: +678k jobs in February, with unemployment edging down to 3.8%. Add in solid positive revisions that added a total of +92k to the past two months, and this is a job market that’s really motoring.

CNN Chief Business Correspondent:

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