https://www.bls.gov/news.release/empsit.nr0.htm
Consensus forecast was for +137,000 jobs and for UR to remain at 4.1%, so actual figures surprised on the high side for both.
January payroll figures were revised down by 14,000, from +125,000 to +111,000. February payroll figures were revised down by 34,000, from +151,000 to +117,000. In total, revisions to previous months were 48,000 down.
FRED graph of monthly change (in thousands) in nonfarm payroll employment levels since Jan 2021.
FRED graph of the headline unemployment rate since Jan 2021.
FRED graph of more expansive unemployment definitions (U-3 thru U-6) since Jan 2021
Posted by JeromesNiece
5 Comments
It’s gonna be months of tariffs before we actually see job loss and unemployment go up. Talking about them isn’t enough
The last good jobs report for a while 🫡
They’re going to use this as justification for not backing down on the tariffs, buckle up
How much longer can we continue to trust BLS reports?
Mr Frodo, I don’t think there’s gonna be a rate cut