US Economy Adds 379,000 Jobs in February
March 8, 2021
Strong Month for Temporary Employment Jobs
Mountain View, California March 8, 2021 Total nonfarm employment in the US rose by 379,000 jobs in February, per the seasonally adjusted data released today by the US Bureau of Labor Statistics (BLS). The national unemployment rate fell from 6.3% in January to 6.2% for February, even though participation in the labor force increased.
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Nine of the 15 major industry groups posted job gains in February. The sectors most contributing to total nonfarm employment jobs growth were Leisure & Hospitality (+355,000) and Temporary Help (+52,700). Government (-86,000) reported the largest job decline for the month, driven by reductions around government-run schools. All of the 15 major industry groups are still down year-over-year.
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