Nonfarm payrolls increased by a seasonally adjusted 151,000 on the month in February, better than the downwardly revised 125,000 in January. The unemployment rate rose slightly to 4.1 percent.
CNBC reported job growth was weaker than expected in February, though still stable despite President Donald Trump’s efforts to slash the federal workforce. The total was less than the 170,000 consensus forecast from Dow Jones.
Among the 14 top-level industry sectors, 11 trended up and three saw declines. The top industries adding jobs were education and health services, financial activities and construction.
Regarding the jobs data, Brian Jacobsen, chief economist at Annex Wealth Management in Menomonee Falls, Wis., said to Reuters, “Not to be a Debbie D
