Friday, March 4, 2016

U.S. Economy Continues Longest Streak Of Positive Job Growth Adding 230K Jobs In February

The longest streak of positive job growth in the history of the U.S. continues as the Bureau of Labor Statistics reports 230,000 jobs were added to the economy in February.

The unemployment rate remained at 4.9%.

U.S. businesses have now added 14.3 million jobs over six straight years, extending the longest streak on record.

Today we learned that private employment rose by 230,000 jobs in February, while private employment growth in December and January was revised up by a combined 32,000 jobs.

The unemployment rate held steady at 4.9 percent in February, while the labor force participation rate rose to 62.9 percent, reaching the same level as the end of 2013.

Over the past 24 months, the private sector added 5.6 million jobs, the most in any two-year period since 1999.

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