Just released from the Bureau of Labor Statistics:
Total nonfarm payroll employment rose by 227,000 in February. Private-sector employment
grew by 233,000, with job gains in professional and business services, health care and
social assistance, leisure and hospitality, manufacturing, and mining.
Alan Krueger – Chairman of the Council of Economic Advisers - paints a broader picture:
Despite adverse shocks that have created headwinds for economic growth, the economy has added private sector jobs for 24 straight months, for a total of more than 3.9 million payroll jobs over that period. In the last 12 months, 2.2 million private sector jobs were added on net. In the last 6 months, 1.3 million private sector jobs were added, the most of any 6 month period in nearly 6 years.
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