Highlights: BLS February Jobs Report
The Bureau of Labor & Statistics reports an unemployment rate of 4.1 percent in February – a five-month continuation of a 17-year-low.
Nonfarm payroll employment rose by 313,000 in February, 2018. The industries to receive the most job gains were construction (61,000 jobs), retail trade (50,000 jobs), professional and business services (50,000 jobs), and manufacturing (31,000 jobs)
The unemployment rate of adult men (3.7%) and adult women (3.8%) remained largely unchanged from the previous month. Unemployment among long-term unemployed (those who have been unemployed for 27+ months) accounted for 20.7% of the unemployed.
Average hourly earning rose by $0.04 to $26.75, adding to the 7 cent earnings growth in January. The average workweek rose by 0.1 hour to 34.5 hours.
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