"Total nonfarm payroll employment changed little in February (+20,000), and the unemployment rate declined to 3.8 percent," the U.S. Bureau of Labor Statistics reported on Friday.
Key takeaways from the press release
- The unemployment rate declined by 0.2 percentage point to 3.8 percent in February, and the number of unemployed persons decreased by 300,000 to 6.2 million.
- The labor force participation rate held at 63.2 percent in February and has changed little over the year.
- The employment-population ratio, at 60.7 percent, was unchanged over the month but was up by 0.3 percentage point over the year.
- The average workweek for all employees on private nonfarm payrolls decreased by 0.1 hour to 34.4 hours in February.
- In February, average hourly earnings for all employees on private nonfarm payrolls rose by 11 cents to $27.66, following a 2-cent gain in January.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.