BLS Releases February 2017 Employment Situation (Mar. 2017)
The U.S. economy continued to create jobs at a modest pace in February, according to the Bureau of Labor Statistics. Employers added 235,000 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 58,000 over the month, private educational services by 29,000 jobs, manufacturing by 28,000 jobs, and health care by 27,000 jobs.
Job growth in January 2017 was revised to 238,000, up from the initially estimated 227,000. Over the past three months, job growth has averaged 209,000 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.