US Nonfarm Payroll and Unemployment Rate: Difference between revisions

US Nonfarm Payroll and Unemployment Rate (view source)

892 bytes added , 8 March 2024

no edit summary

6,375

edits

@@ Line 329: / Line 329: @@
 == 2024 ==
+=== February ===
+* Nonfarm payrolls increased by 275,000 in February<ref>https://www.bls.gov/news.release/pdf/empsit.pdf</ref>, exceeding January’s 229,000 (revised down from 353,000) and 200,000 estimate<ref>https://www.bloomberg.com/news/articles/2024-03-08/us-payrolls-exceed-expectations-at-275-000-while-wage-gains-cool</ref>.
+* Unemployment rate rose to 3.9%, above 3.7% estimate.
+* Labor force participation rate was steady at 62.5%
+* Average hourly earnings rose 0.1% on the month, lower-than the 0.2% estimate (+0.6% previously).
+* Yearly, average hourly earnings rose 4.3%, lower-than 4.4% estimate (+4.5% previously).
+* Job gains were led by healthcare (+67,000), leisure and hospitality (+58,000),government (+52,000), social assistance (+24,000) and construction (+23,000).
+* Stock futures rose slighly following the results- Nasdaq 100 added 0.2% while S&P 500 gained 0.2%.
 == 2023 ==