February NFP = +235,000

The government reported that the U.S. economy created 235,000 net new jobs last month. The unemployment rate fell to 4.7%. Average hourly earnings rose six cents to $26.09.

Here are some charts. We’ll start with the monthly change in NFP.

Here’s the unemployment rate:

Here’s the jobs-to-population ratio, which is at an eight-year high:

Here’s the broader U6 rate which is now down to 9.2%:

Growth in average hourly earnings with core CPI:

Posted by on March 10th, 2017 at 8:48 am


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