U.S. adds 192,000 jobs in February

[The Straight Story]

U.S. adds 192,000 jobs in February

Job growth accelerated in February and the unemployment rate fell for the third straight month, the Labor Department said Friday. Total nonfarm payrolls increased by 192,000 in February. This was slightly lower than the 218,000 gain expected by Wall Street economists. The unemployment rate ticked lower to 8.9% in February from 9.0% in the previous month. Economists forecast the unemployment rate to rise to 9.1%. Job growth in December and January was revised higher by 58,000 jobs. Average hourly earnings held steady at $22.87. Earnings are up 1.7% in the past year. The average workweek was unchanged at 34.2 hours

http://www.marketwatch.com/story/feb-nonfarm-payroll-up-192000-job-rate-89-2011-03-04

[OHdem10]

1. The Bill the House Passed (Budget) causes 200,000 job losses

according to Bernanke, and 700,000according to Mark Zandi,
Moodys.

The Private Sector finally giveth and the The Republican
Party taketh away.

[CrownPrinceBandar]

2. Boy I wish they'd include U4-U6 in these reports........

It would be a totally different story.

[pinqy]

3. Then go to the official release

Employment Situation Report Table A-15 shows all alternative measures.
The Jan-Feb changes were
U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force: 5.5 to 5.3
U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force: 5.6 to 5.4
U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate): 9.0 to 8.9
U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers: 9.6 to 9.5
U-5 Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force: 10.7 to 10.5
U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force: 16.1 to 15.9

So, no it's not a totally different story.

[dmallind]

4. It wouldn't - all decreased - U6 by more than U3. nt.

[CrownPrinceBandar]

5. Point taken...........

by my original intent was (and it was irresponsible of me not to articulate it more clearly) that these numbers are never fully reported. I have never understood why the Labor Dept. has never used the U-6 numbers, as it seems to be the true measure of underutilization? My bad for not being clearer, and thanks for calling me on it.

[deacon]

6. The GOP hates job creation and they'll work hard to reverse any postitive. n/t