WASHINGTON, DC–The Bureau of Labor Statistics released its monthly employment statistics for February this morning. Simply put, they were good. Great, even.
Some 235,000 workers were added to US payrolls in February and the unemployment rate ticked down to 4.7%. Economists polled by Reuters had been expecting about 190,000 new jobs. One of the leading job-creating sectors for the month was the construction industry, which saw 58,000 new jobs enter the system.
Also, December's and January's numbers were upwardly revised.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
