Unemployment increases in February

The U.S. unemployment rate increased to 6.7 percent in February from 6.6 percent in January as U.S. employers added 175,000 jobs, according to USA Today. Economists were expecting to add 157,000 jobs.

The unemployment rate reportedly increased in part because the labor force rose by 264,000, including previously discouraged workers who resumed their job searches. Analysts had been expecting the severe winter weather to curtail hiring.

Employment gains for December 2013 and January were revised up by a total 25,000. December's employment gains were revised to 84,000 from 75,000, and January's employment gains were revised to 129,000 from 113,000.

In February, the business services sector added 79,000 jobs, and the construction sector added 15,000 jobs.

The manufacturing, health care, government, retail, transportation and warehousing, and financial activities sectors basically were unchanged.

There currently are 10.5 million unemployed people in the U.S.

Date : 3/9/2014


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