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U.S. economy adds 235,000 jobs


This news story was published on March 10, 2017.
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Winnebago employees

WASHINGTON, D.C. – The U.S. economy added 235,000 new jobs as the unemployment rate dropped to 4.7%, a report from the labor department shows.

Total nonfarm payroll employment increased by 235,000 in February, and the
unemployment rate was little changed at 4.7 percent, the U.S. Bureau of
Labor Statistics reported today. Employment gains occurred in construction,
private educational services, manufacturing, health care, and mining.

The number of unemployed persons, at 7.5 million, changed little in February.
The unemployment rate, at 4.7 percent, was little changed over the month but
was down from 4.9 percent a year earlier.

Among the major worker groups, the unemployment rate decreased for Whites to
4.1 percent in February, while the jobless rates for adult men (4.3 percent),
adult women (4.3 percent), teenagers (15.0 percent), Blacks (8.1 percent),
Asians (3.4 percent), and Hispanics (5.6 percent) showed little or no change.

The number of long-term unemployed (those jobless for 27 weeks or more) was
essentially unchanged at 1.8 million in February and accounted for 23.8 percent
of the unemployed. Over the year, the number of long-term unemployed was down
by 358,000.

In February, the labor force participation rate, at 63.0 percent, and the
employment-population ratio, at 60.0 percent, showed little change.

The number of persons employed part time for economic reasons (sometimes
referred to as involuntary part-time workers) was little changed at 5.7 million
in February. These individuals, who would have preferred full-time employment,
were working part time because their hours had been cut back or because they
were unable to find full-time jobs.

In February, 1.7 million persons were marginally attached to the labor force,
little different from a year earlier. (The data are not seasonally adjusted.)
These individuals were not in the labor force, wanted and were available for
work, and had looked for a job sometime in the prior 12 months. They were not
counted as unemployed because they had not searched for work in the 4 weeks
preceding the survey.

Among the marginally attached, there were 522,000 discouraged workers in February,
little changed from a year earlier. (The data are not seasonally adjusted.)
Discouraged workers are persons not currently looking for work because they
believe no jobs are available for them. The remaining 1.2 million persons
marginally attached to the labor force in February had not searched for work for
reasons such as school attendance or family responsibilities.

Employment in other major industries, including wholesale trade, transportation and
warehousing, information, financial activities, leisure and hospitality, and
government, showed little or no change over the month.

The average workweek for all employees on private nonfarm payrolls was unchanged at
34.4 hours in February. In manufacturing, the workweek was unchanged at 40.8 hours,
and overtime remained at 3.3 hours. The average workweek for production and
nonsupervisory employees on private nonfarm payrolls has been 33.6 hours since August
2016.

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3 Responses to U.S. economy adds 235,000 jobs

  1. Avatar

    Anonymous Reply Report comment

    March 10, 2017 at 12:43 pm

    You GO TRUMP!