Strong U.S. Labor Market Despite Skeptical Response to Feb. Report

Despite a choppy market reaction, Jordan Shapiro says today's jobs report is a "resounding victory" for the U.S. labor market. Shapiro points to 150,000 jobs added in February, growth in non-traditional areas like construction and financial services, and a still-tight labor market. He argues that wages growing at 4% and a stable participation rate signal ongoing strength, despite pockets of weakness in tech and retail.

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