{"id":35153,"date":"2017-03-10T09:51:16","date_gmt":"2017-03-10T17:51:16","guid":{"rendered":"http:\/\/69.46.6.243\/?p=35153"},"modified":"2017-03-10T09:51:16","modified_gmt":"2017-03-10T17:51:16","slug":"us-economy-adds-235000-jobs-in-february","status":"publish","type":"post","link":"https:\/\/new.thepinetree.net\/?p=35153","title":{"rendered":"US Economy Adds 235,000 Jobs In February"},"content":{"rendered":"<p>Washington, DC&#8230;Nonfarm payroll employment rose by 235,000 in February, and the unemployment rate changed little at 4.7 percent. Job gains occurred in construction, private educational services, manufacturing, health care, and mining.  Incorporating revisions for December and January, which increased nonfarm payroll employment by 9,000 on net, monthly job gains have averaged 209,000 over the past 3 months.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2015\/07\/blslogo.jpg\" alt=\"\" width=\"238\" height=\"208\" class=\"alignnone size-full wp-image-6322\" srcset=\"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2015\/07\/blslogo.jpg 238w, https:\/\/new.thepinetree.net\/wp-content\/uploads\/2015\/07\/blslogo-150x131.jpg 150w\" sizes=\"auto, (max-width: 238px) 100vw, 238px\" \/><\/p>\n<p>      In the goods-producing sector, construction employment rose<br \/>\nby 58,000 in February, after increasing by 40,000 a month<br \/>\nearlier. Job growth continued among residential specialty trade<br \/>\ncontractors in February (+15,000). Employment among<br \/>\nnonresidential specialty trade contractors grew by 22,000, after<br \/>\nchanging little in recent months. Job gains also occurred in<br \/>\nheavy and civil engineering construction over the month<br \/>\n(+15,000).<\/p>\n<p>      Employment in manufacturing increased by 28,000 in<br \/>\nFebruary. Employment rose in food manufacturing (+9,000) and in<br \/>\nmachinery (+7,000), while transportation equipment lost 6,000<br \/>\njobs. Manufacturing has added 57,000 jobs since November. <\/p>\n<p>      Mining added 8,000 jobs in February, led by a gain in<br \/>\nsupport activities for mining (+6,000). Mining employment has<br \/>\nincreased by 20,000 since a recent low in October 2016.<\/p>\n<p>      In the service-providing sector, private educational<br \/>\nservices added 29,000 jobs in February, following little<br \/>\nemployment change in January (-5,000). This industry has added<br \/>\n105,000 jobs over the year.<\/p>\n<p>      Health care employment rose by 27,000 in February, with<br \/>\nmost of the gain in ambulatory health care services (+18,000).<br \/>\nHealth care has added 357,000 jobs over the past 12 months. <\/p>\n<p>      Employment continued to trend up in professional and<br \/>\nbusiness services in February (+37,000) and has increased by<br \/>\n597,000 over the year.<\/p>\n<p>      Retail trade employment edged down in February (-26,000),<br \/>\nfollowing an increase of 40,000 in the prior month.<\/p>\n<p>      Average hourly earnings of all employees on private nonfarm<br \/>\npayrolls rose by 6 cents in February, following a gain of 5<br \/>\ncents in January. Over the past 12 months, average hourly<br \/>\nearnings have risen by 2.8 percent. From January 2016 to January<br \/>\n2017, the Consumer Price Index for All Urban Consumers (CPI-U)<br \/>\nincreased by 2.5 percent (on a seasonally adjusted basis).<\/p>\n<p>      Turning to measures from the survey of households, the<br \/>\nmajor labor market indicators were about unchanged over the<br \/>\nmonth. Both the unemployment rate, at 4.7 percent, and the<br \/>\nnumber of unemployed people, at 7.5 million, remained little<br \/>\nchanged in February. There was also little movement in the<br \/>\nnumber of unemployed people who had been looking for work for 27<br \/>\nweeks or more. In February, there were 1.8 million such<br \/>\nindividuals, who accounted for 23.8 percent of the unemployed.<\/p>\n<p>      Both the labor force participation rate, at 63.0 percent,<br \/>\nand the employment-population ratio, at 60.0 percent, showed<br \/>\nlittle change in February.<\/p>\n<p>      Among the employed, 5.7 million worked part time for<br \/>\neconomic reasons in February, little different from January.<br \/>\n(These involuntary part-time workers would prefer to work full<br \/>\ntime but had their hours cut back or were unable to find full-<br \/>\ntime jobs.)<\/p>\n<p>      Among those neither working nor looking for work in<br \/>\nFebruary, 1.7 million were marginally attached to the labor<br \/>\nforce, about the same as a year earlier. Discouraged workers, a<br \/>\nsubset of the marginally attached who believed that no jobs were<br \/>\navailable for them, numbered 522,000 in February, also little<br \/>\nchanged from a year earlier. (People who are marginally attached<br \/>\nto the labor force had not looked for work in the 4 weeks prior<br \/>\nto the survey but wanted a job, were available for work, and had<br \/>\nlooked for a job within the last 12 months.)<\/p>\n<p>      In summary, nonfarm payroll employment rose by 235,000 in<br \/>\nFebruary, and the unemployment rate was little changed at 4.7<br \/>\npercent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Washington, DC&#8230;Nonfarm payroll employment rose by 235,000 in February, and the unemployment rate changed little at 4.7 percent. Job gains occurred in construction, private educational services, manufacturing, health care, and mining. Incorporating revisions for December and January, which increased nonfarm payroll employment by 9,000 on net, monthly job gains have averaged 209,000 over the past [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6322,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_cbd_carousel_blocks":"[]","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,20,1],"tags":[],"class_list":["post-35153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-featured","category-news","last_archivepost"],"jetpack_featured_media_url":"https:\/\/new.thepinetree.net\/wp-content\/uploads\/2015\/07\/blslogo.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/35153","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35153"}],"version-history":[{"count":0,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/posts\/35153\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=\/wp\/v2\/media\/6322"}],"wp:attachment":[{"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35153"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35153"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.thepinetree.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35153"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}