Skip to main content

Non-farm payroll employment increased by 97,000 new jobs in February, following increases of 226,000 in December and 146,000 in January

Non-farm payroll employment increased by 97,000 new jobs in February, following increases of 226,000 in December and 146,000 in January

March 09, 2007 -

xmlns:o="urn:schemas-microsoft-com:office:office"
xmlns:w="urn:schemas-microsoft-com:office:word"
xmlns:x="urn:schemas-microsoft-com:office:excel"
xmlns:p="urn:schemas-microsoft-com:office:powerpoint"
xmlns:dt="uuid:C2F41010-65B3-11d1-A29F-00AA00C14882"
xmlns:b="urn:schemas-microsoft-com:office:publisher"
xmlns:oa="urn:schemas-microsoft-com:office:activation"
xmlns:xsd="http://www.w3.org/2001/XMLSchema"
xmlns:st1="urn:schemas-microsoft-com:office:smarttags"
xmlns="http://www.w3.org/TR/REC-html40">







Joint Economic Committee (JEC)



Senator Sam Brownback



style='color:blue'> 



January Employment and
Unemployment:  The Bureau of Labor Statistics (BLS) released a report
today on employment and unemployment for February (BLS pdf
summary available at title="http://www.bls.gov/news.release/pdf/empsit.pdf">http://www.bls.gov/news.release/pdf/empsit.pdf
).



 



Highlights of
the report:



style='font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family:
Symbol'>·                   
Non-farm payroll employment increased by 97,000
new jobs in February, following increases of 226,000 in December and 146,000 in
January.  





    • January marks the 42nd consecutive month
      with payroll job gains. 


      • Close to 7.6 million new payroll jobs have been
        created in that period.

      • Over the year ending in February, payroll
        employment grew by 2 million.


    • Since the enactment of tax relief in
      2003 (i.e., from June 2003 through February 2007), monthly payroll job
      gains have averaged a healthy 169,000.  In contrast, average monthly
      payroll job losses between the beginning of 2001 and enactment of
      pro-growth tax relief were -88,000.




style='font-family:Symbol;mso-fareast-font-family:Symbol;mso-bidi-font-family:
Symbol'>·                   
The unemployment rate edged down to 4.5% in
February, from 4.6% in January.





    • The unemployment rate has ranged
      from 4.4% to 4.6% for the last six months.

    • The unemployment rate remains well
      below the recent peak of 6.3% in June 2003.




 



 



Jeffrey
Wrase



Chief Economist, Senate Republicans



Joint Economic
Committee



H-805 w:st="on">Hart Senate
Office Buildingstyle='color:black'>



(202) 224-2335style='color:black'>



href="mailto:jeff_wrase@jec.senate.gov" title="mailto:jeff_wrase@jec.senate.gov">jeff_wrase@jec.senate.gov



 



 








Permalink: https://www.jec.senate.gov/public/index.cfm/republicans/2007/3/non-farm-payroll-employment-increased-by-97,000-new-jobs-in-february-following-increases-of-226,000-in-december-and-146,000-in-january_923

Latest News