February Employment Preview

On Friday at 8:30 AM ET, the BLS will release the employment report for February. The consensus, according to Bloomberg , is for an increase of 195,000 non-farm payroll jobs in February (with a range of estimates between 168,000 to 215,000), and for the unemployment rate to decline to 4.7%. The BLS reported 227,000 jobs added in January. Here is a summary of recent data: • The ADP employment report showed an increase of 298,000 private sector payroll jobs in February. This was well above expectations of 183,000 private sector payroll jobs added. The ADP report hasn't been very useful in......(read more)

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