Comments on February Employment Report

The headline jobs number at 313,000 for February was well above consensus expectations of 205 thousand, and the previously two months were revised up a combined 54 thousand.  Overall this was a very strong employment report. There was probably a boost from weather in February. According to Chicago Fed economist Francois Gourio : "February was significantly warmer than usual - positive weather effect in today's NFP of about 80k according to our state model". Even if weather boosted the NFP report by 80,000 jobs, this was still a strong report. If weather was a factor, we might see......(read more)

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