The U.S. added 235,000 jobs in February, while the unemployment rate nudged down a tenth of a percentage point to 4.7 percent. The monthly report released Friday by the Bureau of Labor Statistics fell roughly in line with economists' expectations: Healthy economic growth continuing January's strong showing.
The number of unemployed Americans saw little change last month, as well, hovering at roughly 7.5 million people.
At the same time, the January payroll number was revised to 238,000 jobs, up from last month's initial estimate of 227,000.
Solid gains in construction, manufacturing and health care helped drive February's robust numbers. And there was cause for optimism in wages, as well: Average hourly earnings last month increased 2.8 percent from a year ago.
Continue reading at NPR.
Photo by Laura Watilo Blake
Latest from Nursery Management
- [SNEAK PEAK] Leading Women of Horticulture: Louise Schaefer and Susan Tantsits
- The Growth Industry Episode 10: State of the Horticulture Industry
- Tennessee Green Industry Field Day scheduled for June 11
- UTIA and UT Knoxville research teams will develop automated compost monitoring system
- Ken and Deena Altman receive American Floral Endowment Ambassador Award
- [SNEAK PEEK] Leading Women of Horticulture: Becky Thomas
- [SNEAK PEEK] Leading Women of Horticulture: Angela Burke
- [SNEAK PEEK] Leading Women of Horticulture: Alexa Patti
