March 4, 2022

BLS Employment Situation Report (February 2022)

 Nonfarm Payrolls month/month  679,000.   Previous was 480,000

- Unemployment Rate  3.8%. Previous was  4.0%

- Private Payrolls - month/month 654,000.  Previous was   448,000

- Manufacturing Payrolls month/month  36,000. Previous was   16,000

- Labor Participation Rate    62.3 %. Previous was  62.29%

- Average Hourly Earnings month/month    0.0%. Previous was  0.6%

- Average Hourly Earnings year/year    5.1%. Previous was  5.5%

- Average Workweek        34.7 hours. Previous was  34.6 hours  

Revisions to December and January added 92,000 jobs.

Source:  BLS  Details:  https://www.bls.gov/news.release/empsit.nr0.htm