Source: BLS jobs report
For the first time since last November, the nation’s private sector gained over 150,000 jobs in February. Although the sector’s total job creation – 162,000 – was not large enough to lower the national unemployment rate, a majority of economists were pleasantly surprised by the figures.
In addition, public sector employment ticked up for the first time in three months, rising by 13,000, as state and local government employment increased significantly. Not only did the public sector’s employment statistics surpass economists’ expectations, but a majority of the private sector’s industries reported hiring gains, as evidenced below.
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