Terrible news ted....
...for the thread morons that is...
Al
The economy added 227,000 workers to nonfarm payrolls in February, the Bureau of Labor Statistics reported on Friday, while the unemployment rate held steady at 8.3 percent. The gain in payrolls was a little bit more than the 210,000 or so jobs Wall Street economists had expected -- but a little less than some traders had hoped -- and U.S. stock market futures were slightly higher shortly after the report.
The payroll gain was down a bit from the 283,000 jobs added to payrolls in January, but that number was revised higher on Friday, as was December's figure. Together, the revisions added 61,000 more jobs to the past two months' gains. Payrolls have grown by 245,000 jobs, on average, for the past three months.
"For the US economy to have piled on more than 200,000 jobs a month three times in a row will dispel any impression that the improvement is a blip," Marcus Bullus, trading director of MB Capital, wrote in an email. "The talk will now be of a sustained recovery." |
