Friday, March 09, 2012

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!






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