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.

More from Investing

12 Stocks That Make Up the GLUM Index

12 Stocks That Make Up the GLUM Index

REPLAY: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

REPLAY: Jim Cramer on Tariff Worries, Oil, Alphabet and Centene

Worth a Stunning $6.6 Trillion, Tech Stocks Have Taken Over the Market

Worth a Stunning $6.6 Trillion, Tech Stocks Have Taken Over the Market

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Video: Athens Stock Exchange CEO on What's Next for Greece's Debt Woes

Here's Why Snap Shares Climbed Monday

Here's Why Snap Shares Climbed Monday