Friday, March 7, 2014

Total nonfarm payrolls increase by 175,000, unemployment up 0.1% to 6.7 for February

Fresh electrons from the Bureau of Labor Statistics: the unemployment rate for February was up 0.1% to 6.7% and 175,000 new nonfarm payroll jobs were created. The broader U6 measurement of unemployment was down 0.1% to 12.6%.

The chemical manufacturing sector saw an increase of 200 jobs to 796,200 positions.

The unemployment rate for college-educated workers was up 0.2% to 3.4% in February; the unemployment rate for non-high school graduates was up 0.2% to 9.8%.

I suspect that this will be graded by the economic media as a relatively good report, especially with the upward revisions to December and January payrolls (a total increase of 25,000.)

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