The nation’s economy added 236,000 new jobs in February and the jobless rate was 7.7% from January's 7.9%, according to figures released this morning by the U.S. Bureau of Labor Statistics (BLS). The 236,000 jobs created reflect 35 straight months of positive job growth. But the number of long-term unemployed (those who are jobless for 27 weeks or more) was unchanged at 4.8 million. These people account for 40.2% of the unemployed.
The economy added 171,000 new jobs in October—the 32nd straight month of positive job growth—according to figures released this morning by the U.S. Bureau of Labor Statistics (BLS). The nation’s unemployment rate was essentially unchanged at 7.9%, up slightly from September’s 7.8%. The labor force grew by more than half a million workers in October, which is a positive sign, as more workers are seeking and finding jobs. The number of discouraged and involuntary part-time workers has fallen since last year.
The newly created jobs exceeded most economists’ predictions of 100,000 to 125,000 new jobs for the month. Also, September payrolls were revised to a gain of 148,000 from an initially reported 114,000, and August to 192,000 from 142,000.