Economy gains 273,000 jobs, unemployment rate 3.5 %

U.S. Employment Report

The nonfarm payrolls grew 273,000 in February, as faster hiring puts more money in the hands of consumers, what usually leads to an increase in spending,
In February the U.S. economy added 273,000 jobs on the seasonally adjusted basis and the jobless rate fell to 3.5 %, from 3.6 %, reported by the Labor Department.

As the year goes on, companies have been hiring at a faster clip as Americans increase spending and consumer confidence rises, economists have seen a steady improvement in the jobs market and recruiting activity.
Current report confirms positive trends in the nonfarm payrolls. Total number of employed persons in the U.S. rose by 0.03 % to 158,76 millions, the health care and social assistance sectors hired 56,500 employees , the retail sector has lost -7,000 jobs.

At Feb. 2020 Total number of unemployed persons deacreased to 5.79 millions, a deacrease of 105.00 thousands or -1.78 % from Jan. 2020, Unemployment rate decreased to 3.50 %, from 3.60% in previous month. In February 273,000 nonfarm payrolls were created.

Labor force

Average hourly earnings grew modestly in February by 0.28 % to $28.52, an increase of $0.08 from $28.44 in January on the seasonally adjusted basis, the biggest increases occurred in transportation and warehousing to $25.13, the hourly wages in information sector fell the most to $43.02, reported by the Labor Department.
On a year-over-year basis, earnings were up 3.11 %, This is above the % year-over-year increase in the consumer price index in February.

The number of employed persons increased to 158.76 millions by 45.00 thousands or 0.03 % in Feb. 2020.

Total Labor force deacreased to 164.55 millions.
Average weekly earnings where $981.09 dollars, in Feb. 2020

Average Weekly Hours of Production


	The official unemployment rate does not tell the whole story since it does not count discouraged workers who recently stopped looking for a job. Unemployment decreased to 5.79 million, a decrease by -105,000 from 5.89 million in January by -1.78 % on the seasonally adjusted basis. What's more, the drop in the unemployment rate in February stemmed mainly from a decline in the labor force as discouraged job seekers stopped looking for work, the labor force participation rate has held steady at 63.40 %. Construction Industry grew to 39.30 hours per week, from Jan. 2020; Manufacturing Industry rose to 40.70 hours per week, Durable goods Industry increased to 48.00 hours per week, Nondurable goods Industry advanced to 40.00 hours per week. Average Weekly Hours of Production for private serviceproviding industry rose to 33.30 hours per week, from Jan. 2020; Trade, transportation & utilities Industry grew to 34.30 hours per week, from Jan. 2020 . Financial activities Industry Average Weekly Hours of Production remained unchanged from Jan. 2020.

Average workweek grew in February by 0.29 % to 34.40 hours, an increase of $0.10 from 34.30 in January on the seasonally adjusted basis, hours worked at the durable goods manufacturers grew at the highest pace to 48.00 hours, the utilities showed low overall growth to 42.60 hours, reported by the Labor Department. With modest growth in hourly earnings and growth in hours worked, average weekly earnings increased in the private sector to $981.09 from $975.49 in the previous month. Information Industry Average Weekly Hours of Production remained unchanged from Jan. 2020; Professional & business services Industry increased to 36.20 hours per week, from Jan. 2020; Education & health services Industry advanced to 33.10 hours per week, from Jan. 2020; Leisure & hospitality Industry fell to 25.80 hours per week, from Jan. 2020; Other services Industry fell to 31.90 hours per week, from Jan. 2020.

Employment Situation ( in millions or %)	Feb. 2020 prel.	Jan. 2020 prel.	Dec. 2019 prel.	Nov. 2019 prel.	Oct. 2019 prel.	Sep. 2019 prel.
Unemployment rate	3.5 %	3.6 %	3.5 %	3.5 %	3.6 %	3.5 %
Number of unemployed persons	5.787	5.892	5.753	5.811	5.855	5.769
Number of Employed persons	158.759	158.714	158.803	158.593	158.510	158.269
Employment/population ratio	61.1 %	61.2 %	61 %	61 %	61 %	61 %
Civilian labor force	164.546	164.606	164.556	164.404	164.364	164.039
Participation rate	63.4 %	63.4 %	63.2 %	63.2 %	63.3 %	63.2 %
Civilian noninstitutional population	259.628	259.502	260.181	260.020	259.845	259.638
Persons who currently want a job outside CLF	4.962	4.904	4.832	4.831	4.753	4.880
EMPLOYMENT BY SELECTED INDUSTRY (Over-the-month change, in thousands)	Feb. 2020 prel.	Jan. 2020 prel.	Dec. 2019 prel.	Nov. 2019 prel.	Oct. 2019 prel.	Sep. 2019 prel.
Nonfarm Payrolls	+273.0	+225.0	+145.0	+266.0	+128.0	+180.0
Total Private Payrolls	+228.0	+206.0	+139.0	+254.0	+131.0	+167.0
Goods-producing Payrolls	+61.0	+32.0	-1.0	+48.0	-26.0	+7.0
Mining & logging	+4.0	-	-9.0	-7.0	-	+1.0
Construction	+42.0	+44.0	+20.0	+1.0	+10.0	+11.0
Manufacturing Payrolls	+3.2	+3.1	+3.2	+3.1	+3.2	+3.2
Durable goods	+11.0	-11.0	-7.0	+44.0	-41.0	-6.0
Motor vehicles and parts	+6.8	-10.6	-0.8	+41.3	-41.6	-3.5
Nondurable goods	+4.0	-1.0	-5.0	+10.0	+5.0	+1.0
Private service-providing Payrolls	+167.0	+174.0	+140.0	+206.0	+157.0	+160.0
Wholesale trade	-2.6	+8.4	+8.3	-4.3	+10.8	+7.1
Retail trade	-7.0	-8.3	+41.2	+2.0	+6.1	+6.7
Transportation and warehousing	-4.0	+28.3	-10.4	+15.5	+9.9	+6.3
Information	+4.0	+5.0	+3.0	+13.0	-4.0	+4.0
Financial activities	+26.0	-1.0	+6.0	+13.0	+16.0	+8.0
Professional and business services	+41.0	+21.0	+10.0	+38.0	+22.0	+37.0
Temporary help services	-3.3	-1.5	+6.4	+4.8	-8.1	+20.1
Education and health services	+54.0	+72.0	+36.0	+74.0	+39.0	+49.0
Health care and social assistance	+56.5	+47.2	+33.9	+60.2	+34.2	+44.8
Leisure and hospitality	+51.0	+36.0	+40.0	+45.0	+61.0	+45.0
Other services	-	-	-	-	-	-
Government Payrolls	-	-	-	-	-	-

Civilian labor force
is the sum of employed and unemployed persons.

Unemployment Rate
is the number unemployed as a percent of the labor force.

Labor force participation rate
is the labor force as a percent of the population.

Employment-population ratio
is the employed as a percent of the population.

Average weekly Salary by Industry ($)	Feb. 2020 prel.	Jan. 2020 prel.	Dec. 2019 prel.	Nov. 2019 prel.	Oct. 2019 prel.	Sep. 2019 prel.
Total private	981.09	975.49	971.38	973.18	969.39	967.33
Goods producing	1,193.42	1,181.35	1,180.14	1,181.08	1,177.06	1,183.01
Natural resources & mining	1,574.11	1,567.27	1,581.68	1,610.07	1,625.39	1,601.05
Construction	1,232.06	1,219.53	1,213.29	1,215.23	1,216.34	1,227.43
Manufacturing	1,147.74	1,138.07	1,140.08	1,136.03	1,125.98	1,130.36
Overtime hours	-	-	-	-	-	-
Durable goods	1,422.24	897.49	1,188.97	2,427.37	1,199.52	1,201.64
Nondurable goods	1,028.80	1,018.70	1,014.73	1,012.35	1,007.42	1,009.73
Private serviceproviding	941.72	936.24	931.59	930.93	926.94	924.95
Trade, transportation & utilities	844.81	834.62	838.93	836.47	835.16	833.80
Wholesale trade	1,234.23	1,235.08	1,230.41	1,240.98	1,232.35	1,229.24
Retail trade	620.00	607.93	611.22	607.26	607.41	608.78
Transportation & warehousing	962.48	952.71	969.82	963.46	964.61	962.12
Utilities	1,798.57	1,804.45	1,779.95	1,796.74	1,752.20	1,761.04

Information	1,557.32	1,558.77	1,532.71	1,535.13	1,537.17	1,535.92
Financial activities	1,386.69	1,379.92	1,367.14	1,369.49	1,362.25	1,353.38
Professional & business services	1,247.09	1,238.59	1,235.34	1,236.59	1,230.80	1,223.07
Education & health services	924.15	918.72	920.84	920.51	913.11	912.45
Leisure & hospitality	435.25	435.90	432.67	432.67	430.60	430.09
Other services	817.60	818.24	807.08	805.48	800.72	797.86

Average weekly hours of production by Industry	Feb. 2020 prel.	Jan. 2020 prel.	Dec. 2019 prel.	Nov. 2019 prel.	Oct. 2019 prel.	Sep. 2019 prel.
Total private	34.40	34.30	34.30	34.40	34.40	34.40
Goods producing	40.40	40.10	40.10	40.20	40.20	40.50
Natural resources & mining	45.60	45.60	45.70	46.20	46.40	46.30
Construction	39.30	39.10	39.00	39.10	39.30	39.80
Manufacturing	40.70	40.40	40.50	40.50	40.30	40.50
Overtime hours	-	-	-	-	-	-
Durable goods	48.00	30.30	40.10	82.20	40.80	40.90
Nondurable goods	40.00	39.70	39.70	39.70	39.60	39.80
Private serviceproviding	33.30	33.20	33.20	33.20	33.20	33.20
Trade, transportation & utilities	34.30	33.90	34.20	34.10	34.20	34.20
Wholesale trade	38.80	38.90	38.90	39.00	38.90	38.90
Retail trade	30.80	30.20	30.50	30.50	30.60	30.70
Transportation & warehousing	38.30	38.20	38.70	38.40	38.60	38.50
Utilities	42.60	42.80	42.40	42.80	42.10	42.10

Information	36.20	36.20	36.20	36.30	36.40	36.50
Financial activities	37.60	37.60	37.60	37.80	37.60	37.50
Professional & business services	36.20	36.10	36.10	36.20	36.20	36.10
Education & health services	33.10	33.00	33.10	33.10	33.00	33.00
Leisure & hospitality	25.80	25.90	25.80	25.80	25.80	25.80
Other services	31.90	32.00	31.80	31.90	31.80	31.80

Average hourly earnings ($)	Feb. 2020 prel.	Jan. 2020 prel.	Dec. 2019 prel.	Nov. 2019 prel.	Oct. 2019 prel.	Sep. 2019 prel.
Total private	28.52	28.44	28.32	28.29	28.18	28.12
Goods producing	29.54	29.46	29.43	29.38	29.28	29.21
Natural resources & mining	34.52	34.37	34.61	34.85	35.03	34.58
Construction	31.35	31.19	31.11	31.08	30.95	30.84
Manufacturing	28.20	28.17	28.15	28.05	27.94	27.91
Overtime hours	-	-	-	-	-	-
Durable goods	29.63	29.62	29.65	29.53	29.40	29.38
Nondurable goods	25.72	25.66	25.56	25.50	25.44	25.37
Private serviceproviding	28.28	28.20	28.06	28.04	27.92	27.86
Trade, transportation & utilities	24.63	24.62	24.53	24.53	24.42	24.38
Wholesale trade	31.81	31.75	31.63	31.82	31.68	31.60
Retail trade	20.13	20.13	20.04	19.91	19.85	19.83
Transportation & warehousing	25.13	24.94	25.06	25.09	24.99	24.99
Utilities	42.22	42.16	41.98	41.98	41.62	41.83

Information	43.02	43.06	42.34	42.29	42.23	42.08
Financial activities	36.88	36.70	36.36	36.23	36.23	36.09
Professional & business services	34.45	34.31	34.22	34.16	34.00	33.88
Education & health services	27.92	27.84	27.82	27.81	27.67	27.65
Leisure & hospitality	16.87	16.83	16.77	16.77	16.69	16.67
Other services	25.63	25.57	25.38	25.25	25.18	25.09

• Source: Department of Labor
Picture Autor: (Flickr by Brad & Sabrina at http://flickr.com/photos/19078064@N00/184665954)

At a Glance

Employment Situation

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• (Y / Y)

Average weekly hours of production

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Average hourly earnings

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Average weekly earnings

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