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EconomyEmploymentFebruary 2022 Employment Report

February 2022 Employment Report

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.

LPH
Layne Heinyhttp://www.layneheiny.com
LPH is a high school physics teacher interested in the Apple iPad and iPhone, Microsoft Surface, Tablet PCs, and other mobile devices. He resides with one large dog who begs for pizza, hamburgers, French fries, and anything else on the dinner table.

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