Financial Review

February Jobs Report


Listen Later

…..The US added 235,000 job in February. The unemployment rate ticked down to 4.7%. The U-6 rate ticked down to 9.2%. Labor Force Participation up to 63%. Construction strong, retail weak. Wages rise. Trump takes credit. Fed gets ready to take away the punch bowl. Financial Review by Sinclair Noe for 03-10-2017 DOW + 44 = 20,902 SPX + 7 = 2372 NAS + 22 = 5861 RUT + 5 = 1365 10 Y – .02 = 2.58% OIL – .84 = 48.44 GOLD + 3.70 = 1205.50   The US added 235,000 new jobs in February, and the unemployment rate dropped to 4.7% from 4.8%. The consensus estimate was for about 210,000 new jobs. The Bureau of Labor Stats said 238,000 new jobs were created in January instead of 227,000. December’s gain was trimmed to 155,000 from 157,000. In February, the year-over-year change was 2.35 million jobs. It was the 83rd straight month of job creation. Over the past three months, including revisions announced today, monthly job growth has averaged 209,000, while year-over-year wage growth jumped up to 2.8 percent. In February, average hourly earnings for private payrolls increased by 6 cents to $26.09, following a 5-cent increase in January. Over the year, average hourly earnings have risen by 71 cents, or 2.8 percent. Hours worked was unchanged at 34.4 a week. The Labor Force Participation Rate increased slightly to 63.0% in February, indicating more people were in the labor pool. The U-6 unemployment rate, which measures unemployed workers, plus underutilized ...
...more
View all episodesView all episodes
Download on the App Store

Financial ReviewBy Sinclair Noe