February NFP = 175,000

The jobs report is out. The U.S. economy created 175,000 new jobs last month. Of those, 162,000 were in the private sector. While this report could have been better, the important thing is that it snaps the two-month streak of poor jobs reports. The takeaway is that the Fed will almost certainly continue with its taper plans.

A few more notes. NFP for December was revised higher by 9,000, and for January it was revised up by 25,000. The unemployment rate ticked up to 6.7%.

fredgraph03072014b

Posted by on March 7th, 2014 at 10:36 am


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