Economy Adds 227,000 Jobs in February
Posted on March 9, 2012The U.S. economy added 227,000 new jobs in February according to a new report from the U.S. Bureau of Labor Statistics. The unemployment rate was unchanged at 8.3 percent. Employment rose in professional and businesses services, health care and social assistance, leisure and hospitality, manufacturing, and mining.
Health care and social assistance employment rose added 61,000 jobs in February. Employment in leisure and hospitality increased by 44,000, with nearly all of the increase in food services and drinking places (+41,000). Manufacturing employment rose by 31,000 in February. Mining added 7,000 jobs. Employment in construction and retail changed very little. Government employment also remained essentially unchanged.
This is the third straight month the economy has created over 220,000 new jobs. The change in total nonfarm payroll employment for December was revised from +203,000 to +223,000, and the change for January was revised from 243,000 to +284,000. Take a look: