February Nonfarm Payrolls Rose 192.000; Unemployment Rate At 8.9%
(For February 2011)
Nonfarm payrolls rose 192.000 in February; Consensus was at 196.000; January reading was an increase of 63.000 (revised +27.000). The unemployment was reported at 8.9% vs. prior reading of 9.0% and consensus of 9.1%.
Private payrolls were up 222.000 vs. 200.000 consensus and 68.000 reading in January (revised +18.000).
Positive report.
Average weekly hours worked for private employees unchanged at 34.2.
Nonfarm Payrols, U.S. Average Weekly Hours Worked, Unemployment Rate