Non Farms Payroll Feb 2008
Summary: The worst decline since March 2003.
Back to back negative job growth fully demonstrating the emasculation of the durable economy.
Not in labor force number increased to keep advertised Unemployment under 5% and A-6 from hitting double digits.
Nonfarm Payrolls Feb -63K vs prior -22K Full Report
Inside the number: Prior loss increased +5K. Unemployment Rate Feb 4.8% vs prior 4.9% as discouraged workers stopped looking for work.
Goods producing -89K; Construction -39K; Manufacturing -52K; Retail Trade -34K; Professional -20K;
Service Providing +26K; Education & Health +30K; Leisure & Hospitality +21K; Guvmint +38K.
Employed -255K; Unemployed -195K; Labor Force -450K; Not in Labor Force +644K, resulting in table 12 A-6 number declining from 9.9% to 9.5%
Back to back negative job growth fully demonstrating the emasculation of the durable economy.
Not in labor force number increased to keep advertised Unemployment under 5% and A-6 from hitting double digits.
Nonfarm Payrolls Feb -63K vs prior -22K Full Report
Inside the number: Prior loss increased +5K. Unemployment Rate Feb 4.8% vs prior 4.9% as discouraged workers stopped looking for work.
Goods producing -89K; Construction -39K; Manufacturing -52K; Retail Trade -34K; Professional -20K;
Service Providing +26K; Education & Health +30K; Leisure & Hospitality +21K; Guvmint +38K.
Employed -255K; Unemployed -195K; Labor Force -450K; Not in Labor Force +644K, resulting in table 12 A-6 number declining from 9.9% to 9.5%
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