Total nonfarm payroll employment increased by 313,000 in February, and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today.
Employment rose in construction, retail trade, professional and business services,manufacturing, financial activities, and mining.
Household Survey Data
In February, the unemployment rate was 4.1 percent for the fifth consecutive month,and the number of unemployed persons was essentially unchanged at 6.7 million.
An extraordinarily strong jobs report in February clears the way for the Federal Reserve Board to raise the benchmark interest rate when it meets this month under its new chairman, Jerome H. Powell.
Chosen excerpts by Job Market Monitor. Read the whole story at U.S. Added 313,000 Jobs in February. Here’s What That Means. – The New York Times