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Posted by: thepinetree on 03/08/2013 09:03 AM Updated by: thepinetree on 03/08/2013 09:04 AM
Expires: 01/01/2018 12:00 AM
:



February payroll employment rises (+236,000); unemployment rate edges down (7.7%)

Washington, DC...Nonfarm payroll employment increased by 236,000 in February, and the unemployment rate edged down from 7.9 to 7.7 percent. In the prior 3 months, employment had risen by an average of 195,000 per month. In February, employment increased in professional and business services, construction, and health care...



Employment in professional and business services rose by
73,000 in February after being little changed (+16,000) in
January. The industry had added an average of 47,000 jobs per
month in 2012. In February, employment increased by 44,000 in
administrative and support services, which includes employment
services and services to buildings. Accounting and bookkeeping
added 11,000 jobs, and employment growth continued in computer
systems design and in management and technical consulting
services.

Construction added 48,000 jobs in February. Since September,
construction employment has increased by 151,000. In February,
employment rose in residential and nonresidential specialty trade
contractors (+17,000 and +15,000, respectively) and in
nonresidential building (+6,000).

Health care employment increased by 32,000 over the month,
with gains throughout the component industries. Health care had
added an average of 25,000 jobs per month over the prior 12
months.

In February, employment in the information industry
increased (+20,000), due to a large gain in the motion picture
and sound recording industry. Employment continued to trend up in
retail trade, food services and drinking places, and wholesale
trade. Employment in other major industries showed little change
over the month.

Average hourly earnings of all employees on private nonfarm
payrolls rose by 4 cents in February to $23.82. Over the past 12
months, average hourly earnings have risen by 2.1 percent. From
January 2012 to January 2013, the Consumer Price Index for All
Urban Consumers (CPI-U) increased by 1.6 percent.

Turning now to our survey of households, the unemployment
rate edged down in February to 7.7 percent. Both the unemployment
rate and the number of unemployed persons, at 12.0 million, have
shown little movement, on net, since September. In February, the
labor force participation rate was little changed at 63.5
percent, and the employment-population ratio remained at 58.6
percent.

Among persons who were neither working nor looking for work
in February, 2.6 million were classified as marginally attached
to the labor force, unchanged from a year earlier. These
individuals had not looked for work in the 4 weeks prior to the
survey but wanted a job, were available for work, and had looked
for a job within the last 12 months. The number of discouraged
workers, a subset of the marginally attached, edged down over the
year to 885,000.

In summary, nonfarm payroll employment rose by 236,000 in
February, and the unemployment rate edged down to 7.7 percent.


Comments - Make a comment
The comments are owned by the poster. We are not responsible for its content. We value free speech but remember this is a public forum and we hope that people would use common sense and decency. If you see an offensive comment please email us at news@thepinetree.net
signs of success
Posted on: 2013-03-08 11:44:51   By: Anonymous
 
More signs that our President's plan is working...

[Reply ]

    Re: signs of success
    Posted on: 2013-03-08 14:34:09   By: Anonymous
     
    Thank God for the republicans holding the line and forcing the sequester !

    [Reply ]

      Re: signs of success
      Posted on: 2013-03-08 18:22:42   By: Anonymous
       
      Have you ever thought of getting some help with split personality disorder?2 post and one poster,must be nice to carry on a conversation with yourself!What do you get out of it?

      [Reply ]

        Re: signs of success
        Posted on: 2013-03-12 06:17:11   By: Anonymous
         
        Interesting conjecture, but I'm curious as to what possible basis you might have for making it that would allow you to state it with such confidence?

        [Reply ]

      Re: signs of success
      Posted on: 2013-03-09 06:02:32   By: Anonymous
       
      If you fart in a group of people, you move away from the scene so as to reduce implicitivy. "W" POOPED on our economy... is it any wonder one of his first public talks was in the Bahamas ... at an off-shore investment meeting ... just weeks before Romney was beat ... "W is an absolute MO-ron!

      [Reply ]

    Re: signs of success
    Posted on: 2013-03-08 20:42:32   By: Anonymous
     
    Have we forgot that Bush got us into this mess and it will take time to dig out???? Bush messed up for eight years and then walked away from it all. Come on people it's getting better. Time to admit it!!!

    [Reply ]

      Re: signs of success
      Posted on: 2013-03-08 23:22:47   By: Anonymous
       
      Admit what? They only thing I can admit is that George W. Obama has continued most of the Bush/Clinton/Bush Jr agenda. Wake up Obamabots. There is no change, only an acceleration of the downward spiral that we've been going down since 1989.

      [Reply ]

Over 85 million not working
Posted on: 2013-03-09 00:06:24   By: Anonymous
 
There's over 85 million eligible workers in this country not working. Why isn't this figured into the overall numbers?
Check out shadowstats.com

[Reply ]

    Re: Over 85 million not working
    Posted on: 2013-03-09 06:00:23   By: Anonymous
     
    Dork... it's just 4 million and most experts believe they've become comfortable with freelance and/or part-time work, enjoying many free weekdays at their leisure. And the other 81 million 'eligible' workers are children. What are you, some hold back from the 1920s?!?

    [Reply ]

      Re: Over 85 million not working
      Posted on: 2013-03-09 08:41:47   By: Anonymous
       
      "Most experts"? You must think that you are included in that group.

      [Reply ]

        Re: Over 85 million not working
        Posted on: 2013-03-09 10:32:01   By: Anonymous
         
        :smile: actually, I am a PhD economist at an ivy league university...

        [Reply ]

          Re: Over 85 million not working
          Posted on: 2013-03-09 16:00:12   By: Anonymous
           
          You're full of *bleep*.

          [Reply ]


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