BLS Releases February 2018 Employment Situation (Mar. 2018)
Employers added 313,000 nonfarm payroll jobs in February of 2018, according to the Bureau of Labor Statistics. The unemployment rate was unchanged at 4.1 percent.
Job gains occurred in construction, retail trade, professional and business services, manufacturing, financial activities, and mining. The number of jobs in construction increased by 61,000 over the month, while retail trade gained 50,000 jobs, and professional and business services gained 50,000 jobs.
Job growth in January 2018 was revised to 239,000, up from the initially estimated 200,000. Over the past three months, job growth has averaged 242,000 additions a month.
Average hourly earnings rose by nine cents to $26.75. Over the year, average hourly earnings have risen 2.6 percent.
The full BLS press release on the February 2018 employment situation can be accessed in the link below:
The next employment situation report for March 2018 will be released on Friday, April 6, 2018.