Unemployment falls in February

The U.S. unemployment rate fell from 4.8 percent in January to 4.7 percent in February as U.S. employers added 235,000 jobs, according to The Washington Post.

Additionally, December 2016 and January employment gains were revised up by 9,000; December 2016 employment gains were revised down from 157,000 to 155,000, and January employment gains were revised up from 227,000 to 238,000.

In February, the construction sector added 58,000 jobs; professional and business services sector added 37,000 jobs; manufacturing sector added 28,000 jobs; and health care sector added 27,000 jobs. The retail sector lost 26,000 jobs.

The transportation and warehousing, leisure and hospitality, financial activities and government sectors basically were unchanged.

There currently are 7.5 million unemployed people in the U.S.

Date : 3/14/2017