February Nonfarm Payrolls Rose 192.000; Unemployment Rate At 8.9%

(For February 2011)

Nonfarm payrolls rose 192.000 in February; Consensus was at 196.000; January reading was an increase of 63.000 (revised +27.000). The unemployment was reported at 8.9% vs. prior reading of 9.0% and consensus of 9.1%.

Private payrolls were up 222.000 vs. 200.000 consensus and 68.000 reading in January (revised +18.000).

Positive report.

Average weekly hours worked for private employees unchanged at 34.2.

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This entry was posted on Friday, March 4th, 2011 at 7:49 am and is filed under U.S. Economic Data. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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