Last year, businesses added an average of 220,000 jobs every month.
In February, the number of long-term unemployed (those jobless for 27 weeks or more) was essentially unchanged at 1.3 million and accounted for 20.4% of the unemployed.
A broader measure of unemployment, which includes people who want to work but have given up searching and those working part-time because they can not find full-time employment, dropped to 7.3 percent, the lowest since March 2001, from 8.1 percent in January.
Thus, we have in the February report a labor market that has regularly beaten expectations in the preceding months, with some methodological dynamics at play as well.
Leisure and hospitality jobs were unchanged after growing a combined 154,000 in the prior two months.
Home sales fell last year and price gains are slowing after the average rate on a 30-year mortgage reached almost 5 percent last year.
Many major industries showed no significant change in hiring last month, while construction jobs declined by 31,000 jobs, the Bureau of Labor Statistics said.
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Federal Reserve policymakers have indicated this year they won't raise interest rates again until seeing inflation advance. Wages gained 3.4% in the past year, the best annual gain since April 2009, when the United States was in the Great Recession. Average hourly earnings are anticipated to have jumped 0.3% from January and 3.3% from past year.
The state's private sector job count is based on a payroll survey of 18,000 NY employers conducted by the U.S. Department of Labor's Bureau of Labor Statistics. Manufacturing added just 4,000, the fewest in a year and a half.
The drop in the unemployment rate to 3.8 percent in part reflected the return of federal workers who were furloughed in January because of the partial government shutdown, the Labor Department said. Economists widely suspect a slowdown will hit the USA economy soon, according to WSJ.
While optimism among USA manufacturers remains high, for example, almost 72 percent of respondents listed hiring as a tob concern. With these revisions, temporary help employment growth was lower than previously reported by 6,900 jobs.
Leading job declines during the month were professional and business services with a loss of 2,200 jobs, down 1 percent, for a total of 217,300 jobs. The education and health care sector added only 4,000 jobs.