We had a train wreck - IN JOBS!
Full blurb....all new hires were government employees:
U.S. Feb. nonfarm payrolls up tepid 21,000 By Rex Nutting
WASHINGTON (CBS.MW) - U.S. nonfarm payrolls increased by 21,000 in February, far below Street expectations of 130,000, the Labor Department said Friday. The unemployment rate remained at 5.6 percent. January's payrolls were revised lower by 15,000 to 97,000. Economists expected February payrolls to rise 130,000, according to a survey conducted by CBS MarketWatch. Private-sector payrolls were flat in February, with government agencies accounting for 21,000 new jobs. Manufacturing lost 3,000 jobs. Services added 46,000 jobs, including 13,000 in retail. Temporary help services added 32,000 jobs. Average hours worked in the economy fell 0.1 percent. Average hourly wages rose 3 cents, or 0.2 percent, to $15.52. Wages are up 1.6 percent in the past 12 months. |
