On Friday morning, the Bureau of Labor Statistics released jobs numbers that offered unqualified good news about the state of the American economy in February.
Data for December and January was revised to show the economy adding 54,000 more jobs than previously reported. The figure for February was also significantly higher than the roughly 200,000 new jobs that most economists had expected.
Andy Kiersz Business Insider
Unemployment rate maintained at 17-year low of 4.1 percent in February, and it has kept at this level for fifth consecutive month. The c onstruction, retail trade, professional and business services, manufacturing, financial activities, and mining lead the way in the better-than-expected NFP figure.
The average hourly wage for private sector workers was $26.75 last month, up 68 cents from February 2017 and 4 cents from January. After a January uptick that spooked markets and seemed to portend a future of improving pay, wage growth in February sank back to the roughly 2.6 percent annual increase level that it has been mired in throughout the recovery.
Oklahoma State v Oklahoma Big 12 Tournament 1st Round Live
How far does WVU go? If the Bonnies are going to win three games in less than 48 hours, they'll need more from their bench. They did so while playing a large majority of those games in road/neutral situations (9 at home versus 15 road/neutral).
Overall, nonfarm payrolls were up by 313,000 in February, its fastest monthly pace since July 2016 and well above the consensus estimate of around 200,000.
Statewide, unemployment for the same period was at 4.6 percent.
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Obviously their scenario will not play out if OPEC increased supplies and USA shale players are unable to reduce extraction costs. Capitalizing on rising volatility, we advocate long in a December 2018 WTI $68-75/bbl call spread (net premium: $1.40/bbl).
National Association of Realtors Chief Economist Lawrence Yun predicted the positive job report would likely influence the Federal Reserve's decision later this month to raise rates, thus setting in motion an uptick in mortgage rates that could affect housing affordability this year. But the decline in wage growth dampened concerns about inflation, along with "the concern that we're about to enter a rapid hiking cycle", Bartholomew said. "We saw a flood of job seekers into the market". That pushed the labour force participation rate up 0.3 percentage point, to 63 percent. Many more people are working, including people who hadn't even been in the labor force. January saw 200,000 workers added to US firms, paired with earnings' growth of 2.9 percent, appreciably above the 2.5 percent seen over the course of 2017.
The number of people that have given up looking for jobs, so-called discouraged workers, declined 149,000 from the same month previous year. That runs counter to economists' expectation for hiring to broadly ease as the labor market tightens.
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It was quite the furious pace in the opening minutes with their not being a timeout on the court until 12:43 left in the half. Grayson Allen reacts after making a three-point play in the first half against Notre Dame at the ACC tournament.
Analysts were also closely watching wage growth, which Bankrate.com senior economic analyst Mark Hamrick said is the most important aspect of the report.
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