Following two months of dismal growth, the February jobs report suggests an improving labor landscape. But despite the numbers, the employment picture remains cloudy at best.
The Labor Department reported today (Friday) that employers added 175,000 jobs last month, beating expectations of 150,000. Yet the February figure is still well below the 280,000 jobs created in the same month a year ago.To continue reading, please click here...
u.s. employment rate
November U.S. Jobs Report: What to Expect
When the Department of Labor releases the November U.S. jobs report tomorrow (Friday), brace yourself for dismal news.
U.S. jobs growth most likely experienced a sharp slowdown last month as the late-October Superstorm Sandy interrupted economic activity.
According to a Reuters survey of economists, nonfarm payrolls are forecast to show a gain of just 93,000 in November, down considerably from 171,000 in October.
Economists surveyed by CNNMoney are more pessimistic, calling for nonfarm payroll gains of 77,000 in November.
Barclays' outlook is even bleaker. The bank sees a gain of 50,000, which would push the jobless rate to 8.0% from 7.9%.
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