“Goldilocks”: February Payrolls Smash Expectations, Soar By 313K But Hourly Earnings Miss

Friday, March 9, 2018
By Paul Martin

by Tyler Durden
ZeroHedge.com
Fri, 03/09/2018

There was good and bad news in the just released payrolls report: on one hand, February payrolls soared by a whopping 313K, smashing expectations of 205K, and well above last month’s upward revised 239K (from 200K). This was the biggest monthly increase since October 2015.

The change in total nonfarm payroll employment for December was revised up from +160,000 to +175,000, and the change for January was revised up from +200,000 to +239,000. With these revisions, employment gains in December and January combined were 54,000 more than previously reported.

The unemployment rate failed to drop to 4.0% as expected, remaining unchanged at 4.1%.

Here Goldman was right: the black unemployment rate dropped sharply, back to 6.9%, but even with that drop it was not enough to push the overall unemployment rate higher.

The Rest…HERE

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