U.S. Economy Adds 227K Jobs in February, Jobless Rate at 8.3%


U.S. Nonfarm payroll employment rose by 227,000 in February, and the unemployment rate was unchanged at 8.3 percent, the U.S. Bureau of Labor Statistics reported. Employment rose in professional and businesses services, health care and social assistance, leisure and hospitality, manufacturing, and mining.

The number of unemployed persons, at 12.8 million, was essentially unchanged in February. The unemployment rate held at 8.3 percent, 0.8 percentage point below the August 2011 rate.

Among the major worker groups, the unemployment rates for adult men (7.7 percent), adult women (7.7 percent), teenagers (23.8 percent), whites (7.3 percent), blacks (14.1 percent), and Hispanics (10.7 percent) showed little or no change in February. The jobless rate for Asians was 6.3 percent, not seasonally adjusted.

The number of long-term unemployed (those jobless for 27 weeks and over) was little changed at 5.4 million in February. These individuals accounted for 42.6 percent of the unemployed. (See table A-12.)

Total nonfarm payroll employment rose by 227,000 in February. Private-sector employment grew by 233,000, with job gains in professional and business services, health care and social assistance, leisure and hospitality, manufacturing, and mining.

Professional and business services added 82,000 jobs in February. Health care and social assistance employment rose by 61,000 over the month. Rmployment in leisure and hospitality increased by 44,000, with nearly all of the increase in food services and drinking places (+41,000). Manufacturing employment rose by 31,000 in February.

The change in total nonfarm payroll employment for December was revised from +203,000 to +223,000, and the change for January was revised from +243,000 to +284,000.


TradingEconomics.com, U.S. Bureau of Labor Statistics
3/9/2012 1:39:06 PM