175,000 Jobs Added In February

Jobs are up from the last two months, as the unemployment rate moved from 6.6% to 6.7%

Businesses added 162,000 jobs, led by strong increases in professional and business services and education and health care. Federal, state and local governments added 13,000 jobs.

Employment gains for December and January were revised up by a total 25,000. December’s were revised to 84,000 from 75,000 and January’s to 129,000 from 113,000.

Despite the solid payroll advances, the unemployment rate, which is derived from a different survey, ticked up in part because the labor force rose by 264,000, including previously discouraged workers resumed their job searches.

 

By: Alan

Alan Colmes is the publisher of Liberaland.