february jobs report
People aren't making more money.
The U.S. economy added 295,000 jobs in February, as the unemployment rate fell to 5.5 percent, the Bureau of Labor Statistics
In a report that has both good and bad news for the American workforce, February payrolls appeared to shake off analysts' cold-weather concerns, adding a solid 175,000 jobs and revising job counts for the prior two months up by a total of 25,000.
The U.S. economy added 175,000 jobs in February, as the unemployment rate ticked up to 6.7 percent, the Bureau of Labor Statistics
On a more hopeful note, a survey of service sector companies, including retailers, banks and restaurants, found that they
Today's jobs report is widely being viewed as a sign of an improving job market, a view I share with (of course) caveats. The biggest question is whether the recent acceleration of payroll growth sticks, especially as the sequester takes hold, which it hasn't yet. So far, both the stock and the job markets have said "sequester?... what's a sequester?" But unemployment is still high, the labor force participation rate shows evidence of continued weak demand, and that's taking its toll on wage growth. We'll need a lot more months like this to get back on track.
The February jobs report released Friday showed the unemployment rate at 7.7 percent, its lowest level in four years. Job
"It's significant," Claire McKenna, a policy analyst for the National Employment Law Project, said of the uptick in long
This bull market is not driven primarily by economic reality on the ground but rather by the Fed's endless quantitative easing that is now being replicated by our trading partners around the globe. As a result, the world is awash in trillions of dollars in easy money.
Among the sectors adding the most jobs in February were construction, which hired 48,000 people; health care, which added
The unemployment rate for workers older than 55 held steady at 5.9 percent in February, lower than the level for all of last
On Friday, the U.S. Labor Department announced the economy added 277,000 workers in February and that the unemployment rate