February NFP = +295K

The jobs report is out. The economy created 295,000 net new jobs last month. The unemployment rate fell to 5.5%.

Here’s the monthly change in NFP:

Here’s the year-over-year percentage change:

Here’s the unemployment rate with the estimate for NAIRU. That’s the non-accelerating inflation rate of unemployment. In English, it means if you go below this line, that’s when inflation starts to go up. At least, that’s the theory.

Posted by on March 6th, 2015 at 8:33 am


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