03.10.2017
The U.S. economy continued to create jobs at a modest pace in February according to the Bureau of Labor Statistics. Employers added 235000 nonfarm payroll jobs in February of 2017. The unemployment rate was little changed at 4.7 percent.
Job gains occurred in construction private educational services manufacturing and health care. The number of jobs in construction increased by 58000 over the month private educational services by 29000 jobs manufacturing by 28000 jobs and health care by 27000 jobs.
Job growth in January 2017 was revised to 238000 up from the initially estimated 227000. Over the past three months job growth has averaged 209000 additions a month.
Average hourly earnings rose by six cents to $26.09 following a five-cent increase in January. Over the year average hourly earnings have risen 2.8 percent.
The full BLS press release on the February 2017 employment situation can be accessed in the link below.
The next employment situation report for March 2017 will be released on Friday April 7 2017.
