The Break Room

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February’s Job Report: Rate stays steady at 4.9%

Mar 4, 2016, 11:19 AM by Anne Jabusch
February’s job report saw an increase of 242,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. Job gains occurred in several industries, led by retail trade, food services and drinking places, health care, and manufacturing. Employment declined in private educational services, transportation and warehousing, and mining.
February’s job report saw an increase of 242,000 nonfarm jobs, according to the U.S. Bureau of Labor Statistics’ monthly employment report. Job gains occurred in several industries, led by retail trade, food services and drinking places, health care, and manufacturing. Employment declined in private educational services, transportation and warehousing, and mining.

Over the past three months, job gains have averaged 228,000 per month.  

February’s unemployment rate remained unchanged from 4.9% in January. The civilian labor force participation rate, at 62.9% was little changed from 62.7% in January. 

The report found that in February, average hourly earnings for employees on private, nonfarm payrolls declined 3 cents to $25.35. Over the year, average hourly earnings have risen by 2.2 %.