February Nonfarm Payrolls Rose 227.000; Private Payrolls Up 233.000; Unemployment Rate At 8.3%
(For February 2012)
Nonfarm payrolls rose 227.000 in February; Consensus was at 210.000; January reading was an increase of 284.000 (revised up 41.000). Unemployment was reported at 8.3% vs. prior reading and consensus of also 8.3%.
Private payrolls were up 233.000 vs. 225.000 consensus and 285.000 reading in January (revised up 28.000).
Strong set of figures.
Average weekly hours worked for private employees remained unchanged at 34.5.
Nonfarm Payrols, U.S. Average Weekly Hours Worked, Unemployment Rate