February’s job report saw a gain of 379,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. Employment gains happened in leisure and hospitality, temporary help services, health and social assistance, retail trade, and manufacturing. Declines happened in state and local government, education, construction and mining.
February’s unemployment rate dropped to 6.2%, down slightly from 6.3% in January. The civilian labor force participation was 61.4%, the same as January.
The report found that in Friday, average hourly earnings for employees on private, nonfarm payrolls increased by 7 cents to was $30.01.