M a r c h 7 , 2 0 1 4
AVERAGE HOURLY EARNINGS
2.2% ABOVE LAST YEAR
• Solid and slowly accelerating employment gains were driven by hiring in the
professional and business services sector.
• The unemployment rate rose slightly, primarily due to an increase in the labor force,
while those working part-time for economic reasons continues to fall.
• Experts had anticipated another very sluggish month of hiring, due to colder than
usual weather throughout much of the U.S.
Despite wintry weather conditions blanketing much of the country, the U.S. labor market managed to heat up very slightly in February.
The economy generated a respectable 175,000 new jobs during the month—less than the average 194,000 per month added in 2013,
but a healthy increase from the revised +84,000 jobs created in December and +129,000 in January.
WORKERS IN FEBRUARY
U.S. EMPLOYERS HIRED
A TOTAL OF
THE UNEMPLOYMENT RATE
7.7% LAST FEBRUARY
FEBRUARY JOBS REPORT: GOOD BUT NOT GREAT