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February 2022 Employment Report


LPH submitted a new blog post
U.S. Bureau of Labor Statistics reported today that total nonfarm payroll employment rose by 678,000.
  • The unemployment rate edged down to 3.8 percent
  • The employment number exceeded forecasts
  • The unemployment rates for adult men (3.5 percent) and Hispanics (4.4 percent) declined in February
  • The labor force participation rate is 62.3%
  • The number of persons employed part time for economic reasons increased by 418,000
  • 13.0% of employed persons worked from home, down from 15.4% in the prior month
  • Retail trade employment is 104,000 above its level in February 2020
  • average hourly earnings of private-sector production and nonsupervisory employees rose by 8 cents to $26.94

December and January numbers were revised up by 92,000. The change in total nonfarm payroll employment for December was revised up by 78,000, from +510,000 to +588,000, and the change for January was revised up by 14,000, from +467,000 to +481,000.

Continue reading the Original Blog Post.