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February Employment Numbers are Out

Post: Mar. 8, 2016


The monthly jobs report for February from the Bureau of Labor Statistics brings a mixed bag of good news and bad news for the country. On the brighter side, the job numbers were better than expected. The economy added 242,000 jobs in February while the unemployment rate held steady at 4.9 percent despite fears of a global economic slowdown. On the more worrying side, average hourly wages declined for the month, falling 3 cents and equating to a 2.2 percent annualized jump, down from 2.5 percent in January. The actual jobs themselves were more likely to be part time than full time. The household survey indicated the workforce grew by 489,000, while full-time positions increased by just 65,000. Read the full report here.