Saturday, March 5, 2016

Jobs Continue to Grow, Unemployment Rate Steady | February 2016

U.S. Employment Report | February 2016




This is a new monthly feature on SmallBusiness.com. To help you quickly see where U.S. jobs are growing or contracting, we are providing monthly jobs numbers from the U.S. Department of Labor. To keep it easy and quick to review, we are standardizing the way in which we display this data into a smart-phone friendly format. Each month, we will be focusing on the segments of the economy that have high concentrations of small businesses and are growing or contracting. Note: These are civilian, non-farm jobs and are subject to revision as more data is collected by the Labor Department. 




Overview: Payroll employment increased by 242,000, Unemployment rate unchanged at 4.9 percent


+242,000 | Jobs gained in February

4.9% | Unemployment rate (unchanged from January)

7.8 million | Number of unemployed people (unchanged from January)

-.6% | Unemployment rate compared to previous year

-831,000 | Unemployed persons compared to previous year

+228,000 | Average monthly gain in jobs over past three months


Unemployment rate, segmented by worker groups


Trend to note: Little or no change from previous month


4.5% | Adult men

4.5% | Adult women

15.6% | Teenagers

4.3% | Whites

8.8% | Blacks

3.8% | Asians

5.4% | Hispanics


What segments of the economy added significant numbers of jobs during February?


+19,000 | Construction: All categories

+40,000 | Food services and drinking places

+24,000 |
Healthcare: Ambulatory services

+11,000 |
Hospitals: Hospitals

+28,000 | Private educational services

+15,000 |
Retail: Food and beverage stores

+13,000 |
Retail: General merchandise stores

+19,000 | Social services


What segments of the economy lost significant numbers of jobs during February?


Trend to note: In the past 12 month, 171,000 mining jobs have been lost, mainly in support activities.


 -16,000 | Mining support activities

-2,000 | Coal mining


Average work week


34.4 Hours | Average work week: All industries (-.2 hour)

40.8 Hours | Average work week : Manufacturing (no change)


Average hourly earnings


$25.35 | Average hourly earning for all employees (down 3¢ from January)




Want more Department of Labor jobs data?


Deep dive into these reports. Included are monthly numbers by industry and comparisons of average hourly wages by industry.





Photo: Thinkstock

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