How's the labor market looking these days? It turns out that February's brutal weather may have played a role in the month's job numbers. Analysts suggest that because the weather shortened work weeks, it probably affected the hiring process.
Despite the weather, overall, the Bureau of Labor and Statistics report released today indicates a positive future. Employment increased by 175,000 jobs, well above the median forecast of 149,000 and the unemployment rate held fairly steady at 6.7%.
Employment in temporary services continued to trend up, increasing by 24,000 jobs. The healthcare industry changed little, adding just 10,000 jobs. February is the third consecutive month of little change in the healthcare industry.
In fact, from industry to industry, there was little change in employment numbers in February, with the exception of the information industry, which lost 16,000. Fourteen thousand of these were in motion picture and sound recording, which according to BLS, can be volatile from month to month.
What do you think - does the February jobs report look promising?