Keeping an eye on the economy can be a daunting task. Something that helps me to understand month-over-month trends is the monthly Economic Update and Jobs Report. I’ve attached a quick and easy-to-understand review of February’s report here: Economic Update- Feb ’17. Below are some highlights as well.
February Economic Update:
- Q4 GDP: +1.9%
- Nonfarm Payroll: +227,000 Jobs
- Unemployment Rate: 4.8% (Increased 0.1%)
- Unemployment Rate for Bachelor’s Degree or Higher: 2.5%
Over the past 3 months, job gains have averaged 183,000 per month.
Nonfarm payroll revisions:
November was revised down from +204,000 to +164,000
December was revised up from +156,000 to +157,000
Combined the revisions were 39,000 lower than previously reported