Economy
March 15, 2018
BLS: Labor Market Adds 313,000 Jobs in February
Written by Peter Wright
The Bureau of Labor Statistics released another excellent employment report for February and revised the two previous months upward. February’s net creation of 313,000 jobs as reported by the BLS on March 9 was the best monthly result since July last year. To make the recent results even better, December was revised up by 15,000 and January up by 39,000 jobs.
Economy.com reported: “Payroll growth soared in February. The labor market added 313,000 jobs with broad-based gains from construction to retail trade to financial services to government. The unemployment rate was unchanged at 4.1 percent as new hiring kept pace with the surge of labor market entrants. The labor force participation rate increased measurably to 63 percent. Wage growth eased to 2.6 percent year over year.”
