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Economic Research

U.S. Job Creation Bounces Back

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4:00:00 PM | Last Updated

February Employment Report: Reasons for Optimism

Private payroll creation picked up pace in February, rising to 152,000 from a disappointing 33,000 in January but remaining slightly below the 163,000 in December. The diffusion index of private employment, a gauge of how widespread payroll gains are, jumped to 68.2 from 60.1 in January. In February, construction and transportation saw gains in employment, suggesting that the declines the previous month were the temporary effects of inclement weather. Meanwhile, hiring in the manufacturing sector, which had remained strong in January[...]

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