Jobs report - Feb 2018

1989

Well-Known Member
313,000 jobs added
Construction jobs led the way, with 61,000 new positions, followed by retail and professional and business services (50,000 apiece), manufacturing (31,000) and financial activities (28,000). Health care added 19,000 while mining saw 9,000 new jobs.
 

DriveInDriveOut

Inordinately Right
313,000 jobs added
WDFD
MW-GF175_jobs_g_20180309090217_MG.jpg
 

1989

Well-Known Member
  • Highest since July 2016
  • Prior was 200K (revised to 239K)
  • Unemployment rate 4.1% vs +4.0% expected
  • Participation rate 63.0% vs 62.7% expected
  • Underemployment rate 8.2% vs 8.2% prior
  • Two month net revision +54K
  • Private payrolls 287K vs 205K expected
  • Prior private payrolls revised to 238K from 196K


Wages:

  • Average hourly earnings 2.6% y/y vs 2.8% exp
  • Average hourly earnings 0.1% m/m vs +0.2% m/m exp
  • Prior avg hourly earnings revised to 2.8% from 2.9%
  • Prior avg hourly earnings unrevised at 0.3%
  • Hours worked 34.5 compared to 34.4 expected
  • Prior hours worked revised to 34.4 vs 34.3 prior
 

DriveInDriveOut

Inordinately Right
  • Highest since July 2016
  • Prior was 200K (revised to 239K)
  • Unemployment rate 4.1% vs +4.0% expected
  • Participation rate 63.0% vs 62.7% expected
  • Underemployment rate 8.2% vs 8.2% prior
  • Two month net revision +54K
  • Private payrolls 287K vs 205K expected
  • Prior private payrolls revised to 238K from 196K

Wages:

  • Average hourly earnings 2.6% y/y vs 2.8% exp
  • Average hourly earnings 0.1% m/m vs +0.2% m/m exp
  • Prior avg hourly earnings revised to 2.8% from 2.9%
  • Prior avg hourly earnings unrevised at 0.3%
  • Hours worked 34.5 compared to 34.4 expected
  • Prior hours worked revised to 34.4 vs 34.3 prior
wage increases fell.....
looks like the news is great for the stock market and bad for workers
 
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