US Shows Strong Job Gains in February But Hourly Earnings Unchanged Despite Surging Inflation

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  • 04 Mar '22 at 7:30 am #34219
    TradersCom
    Keymaster

    US February nonfarm payrolls rose by 678,000 (consensus 400,000). The 3-month average for total nonfarm payrolls rose to 582,000 from 572,000. Februar
    [See the full post at: US Shows Strong Job Gains in February But Hourly Earnings Unchanged Despite Surging Inflation]

    24 Mar '22 at 7:21 am #34846
    Helmholtz Watson
    Participant

    US initial claims for the current week 187K vs 212K estimate

    Initial jobless claims at lowest level since 1969
    Prior week 214K revised to 215K
    4-week moving average 211.75 versus 215K last

    Continuing Claims 1.35M vs 1.410M est
    4 week moving average continuing claims 1.431M to 1.462M

    The largest increases in initial claims for the week ending March 12 were in Michigan (+2,068), Ohio (+1,547), California (+1,274), Missouri (+850), and Illinois (+665),
    The largest decreases were in New York (-16,098), Massachusetts (-1,116), New Jersey (-1,046), Washington (-992), and District of Columbia (-945).

    The initial claims was the lowest level since September 6, 1969 when it was at 182,000
    The continuing claims reached its lowest level since January 3, 1970

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