Friday, March 10, 2017

February's Jobs Report

February was another strong month for the employment situation, with the economy adding 235,000 jobs. The headline unemployment rate is now 4.7 percent.

Last month's increase in jobs followed a 238,000 rise in January. The first two months of this year represent the strongest back-to-back months for the job market since July.

Unseasonably warm weather appeared to be a factor. Construction jobs, which can fluctuate depending on the weather, rose by 58,000, the most since March 2007, and followed a 40,000 increase in January. Manufacturing payrolls gained 28,000, a three-year high.

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