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Wall Street appears unfazed by last month's strong jobs report, with futures trending lower despite the economy adding approximately 273,000 jobs—100,000 more than anticipated. The unemployment rate decreased to 3.5% from 3.6% in January. Average hourly earnings increased by nine cents to $28.52, reflecting a month-over-month rise of 0.3% and a year-over-year increase of 3%, aligning with expectations. The Labor Department reported no indications that the coronavirus affected the jobs data. Additionally, January's job numbers were revised upward by 48,000 to a total of 273,000, while December's figures were also adjusted upward to 184,000 jobs.
