The Feb 2012 non-farm payroll increased by 227k. The Private Sector increased by 233k.
The Dec and Jan non-farm payroll jobs were revised upward by 61k new jobs.
U-3 unemployment rate remained stable at 8.3%, however the U-6 rate dropped from 15.1% to 14.9%.
As we noted in last night's article on the preview of the Feb jobs report, the U-6 and job creation numbers are more important to focus on than the U-3 rate.
Over the weekend we will crunch the numbers. Stay tuned for more deets!
Copyright ©2012 Mark Shore. Contact the author for permission for republication at email@example.com www.shorecapmgmt.com Mark Shore publishes research, consults on alternative investments and conducts educational workshops. Mark Shore is also an Adjunct Professor at DePaul University's Kellstadt Graduate School of Business in Chicago where he teaches a managed futures/ global macro course.