Hedgology
Banned
- Joined
- May 31, 2018
- Messages
- 2,602
- Reaction score
- 438
- Location
- New York City
- Gender
- Male
- Political Leaning
- Liberal
So now they include the effects of the shutdown.
Market estimates were 180,000 jobs, with the high being 250,000 and the low being 85,000. No one is in the ballpark this month.
On the flip side, Average Hourly Earnings Grew to 3.4%.
Total nonfarm payroll employment changed little in February (+20,000), and the unemployment rate declined to 3.8 percent, the U.S. Bureau of Labor Statistics reported today. Employment in professional and business services, health care, and wholesale trade continued to trend up, while construction employment decreased.
Household Survey Data
The unemployment rate declined by 0.2 percentage point to 3.8 percent in February, and the number of unemployed persons decreased by 300,000 to 6.2 million. Among the unemployed, the number of job losers and persons who completed temporary jobs (including people on temporary layoff) declined by 225,000. This decline reflects, in part, the return of federal workers who were furloughed in January due to the partial government shutdown. (See tables A-1 and A-11.)
Market estimates were 180,000 jobs, with the high being 250,000 and the low being 85,000. No one is in the ballpark this month.
On the flip side, Average Hourly Earnings Grew to 3.4%.