After the disappointingly low number of jobs added in December and January, the economy was back on track in February, according to the report released by the Bureau of Labor Statistics this morning. We added 175,000 jobs in February, which is not far off from the average of 189,000 jobs per month for the previous 12 months. The headline unemployment rate ticked up to 6.7 percent.
The poor numbers from the last two months got a little better in today's report, with both figures being revised upward. January's moved from 113,000 to 129,000, while December's was revised from 75,000 to 84,000. Both figures remained well below the yearly average, though.
The strongest sector for job creation was professional and business services, which added 79,000 jobs in February. That's up from its already-strong average of 56,000 new jobs per month added in that sector over the past 12 months.
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