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March 09, 2018

Unexpectedly, Non-Farm Payroll Employment Increases by 313,000 Versus the Expected 200,000

This would be more then, right?

The economy added 313,000 jobs in February, crushing expectations, while the unemployment rate remained at 4.1 percent, according to a Labor Department report Friday that could help quell inflation fears.

Economists surveyed by Reuters had been expecting nonfarm payroll growth of 200,000 and the unemployment rate to decline one-tenth of a percent to 4 percent.

An increase in the labor force participation rate to its highest level since September 2017 helped keep the headline unemployment number steady, as the number of those counted as not in the workforce tumbled by 653,000 to just over 95 million.

The total counted as "employed" in the household survey surged by 785,000 to a record 155.2 million.

...

Stocks surged following the report, with the Dow industrials opening more than 150 points higher after being slightly negative before the news.

Hilariously, the article takes a moment to mention the "real" unemployment rate. Since the media completely omitted this metric from Obama's presidency, I've omitted it from their article.


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posted by Ace at 01:39 PM

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