In the News

Job Report in US (February 2021) – Employment rose by 379,000 and and unemployment little changed at 6.2 percent

Total nonfarm payroll employment rose by 379,000 in February, and the unemployment rate was little changed at 6.2 percent, the U.S. Bureau of Labor Statistics reported today. The labor market continued to reflect the impact of the coronavirus (COVID-19) pandemic. In February, most of the job gains occurred in leisure and hospitality, with smaller gains in temporary help services, health care and social assistance, retail trade, and manufacturing. Employment declined in state and local government education, construction, and mining.

Effect of Severe Winter Storms on Employment Estimates 

Severe winter weather occurred in much of the country during the February reference 
periods for the establishment and household surveys.

Household Survey Data

Both the unemployment rate, at 6.2 percent, and the number of unemployed persons, at 10.0 million, changed little in February. Although both measures are much lower than their April 2020 highs, they remain well above their pre-pandemic levels in February 2020 (3.5 percent and 5.7 million, respectively). (See table A-1. See the box note at the end of this news release for more information about how the household survey and its measures were affected by the coronavirus pandemic.)

Chosen excerpts by Job Market Monitor. Read the whole story @  U.S. Bureau of Labor Statistics

Calculated Risk

 

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