U.S. Adds 242,000 Jobs in February

Wall Street Journal: “U.S. employers picked up the pace of hiring in February, a sign of steady economic growth despite financial-market turmoil and weakness abroad.”

“Nonfarm payrolls increased a seasonally adjusted 242,000 in February, the Labor Department said Friday. The unemployment rate, which is obtained from a separate survey of U.S. households, held steady at 4.9% in February.”

“Economists surveyed by The Wall Street Journal had expected payrolls to rise by 200,000 and the jobless rate to remain at 4.9%.”

“Revisions showed employers added 30,000 more jobs in December and January than previously estimated … Average hourly earnings of private-sector workers fell 3 cents last month to $25.35. Wages were down 0.1% from the prior month but have climbed 2.2% from a year earlier. Economists had expected wages to rise 0.2% from the prior month.”

“Meanwhile, the share of Americans participating in the labor force rose to 62.9% in February, the highest level in a year.”

2 Comments

  1. Much of the job increase was in the Healthcare sector. This has been the case in many of the job reports. So much for the ACA being a job killer.

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