Unemployment Rate Climbs in February “Unexpectedly” to 6.7%

The jobs numbers for February are out and the unemployment rate rose “unexpectedly” to 6.7% .
Business Insider reported:

The February jobs report for the US is out.

The Bureau of Labor Statistics says 175,000 workers were added to nonfarm payrolls in December, well above Wall Street’s consensus estimate of 149,000.

162,000 of those hires were to private payrolls, above expectations for a 145,000 rise in the ranks of private-sector workers.

The unemployment rate unexpectedly rose to 6.7% from 6.6% . Labor force participation was unchanged at 63.0% .

610,000 were unable to work due to inclement weather in February, above the historical February average of 317,000.

Well over half the total job gains in February were in industries that pay the least.

And more bad news…
earnings lowest in 5 years
Five years into the “recovery”, weekly earnings growth is the lowest it has been in five years! (Zero Hedge)

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Jim Hoft is the founder and editor of The Gateway Pundit, one of the top conservative news outlets in America. Jim was awarded the Reed Irvine Accuracy in Media Award in 2013 and is the proud recipient of the Breitbart Award for Excellence in Online Journalism from the Americans for Prosperity Foundation in May 2016. In 2023, The Gateway Pundit received the Most Trusted Print Media Award at the American Liberty Awards.

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