This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

February Jobs Report Blog

NEW YORK ( TheStreet) -- Nonfarm payrolls grew by 192,000 in February while the unemployment rate fell to 8.9% in the Labor Department's Employent Situation Report released Friday morning.

Expectations for the report were lifted Wednesday after the ADP reported private sector payroll increase of 217,000 in February. The Labor Department said Thursday initial jobless claims for the week ended Feb. 26 dropped 20,000 to 368,000, their lowest level since May 2008.

Economists were expecting a strong rebound in February , reversing the impact of severe weather on jobs in January. The consensus called for private sector job growth of 198,000, according to estimates from Briefing.com.

Even as different sections of the economy show signs of returning strength (both manufacturing and services data reported earlier this week were stronger-than-expected), the payrolls data hadn't shown a significant recovery in the job market.

-- Written by Shanthi Bharatwaj in New York



>To contact the writer of this article, click here: Shanthi Bharatwaj.

>To follow the writer on Twitter, go to http://twitter.com/shavenk.

>To submit a news tip, send an email to: tips@thestreet.com.

Disclosure: TheStreet's editorial policy prohibits staff editors and reporters from holding positions in any individual stocks.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
DIA $177.94 0.00%
MRVL $15.01 0.00%
SPY $207.95 0.00%
WMT $77.88 0.00%
AAPL $124.75 0.00%

Markets

DOW 17,826.30 -279.47 -1.54%
S&P 500 2,081.18 -23.81 -1.13%
NASDAQ 4,931.8150 -75.9760 -1.52%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs