Good but not great
BLS reports that non-farm jobs increased by 227,000 in February and January's number was revised upward from plus 243,000 to 284,000.
The unemployment rate was unchanged at 8.3%
These are decent numbers, but, at this pace, a "normal" overall unemployment rate of say 6% is still a spec on the far horizon.
Among people 25 and older, those with less than a high school diploma have a 12.9% unemployment rate, those with a BA or greater have a 4.2% unemployment rate.
Of course these are average numbers, not marginal, and should not be used for any wagering!
Labels: jobs jobs jobs