Fri March 9, 2012
Unemployment Rate Likely Held Steady At 8.3 Percent, Economists Say
Here's what to expect at 8:30 a.m. ET when the Bureau of Labor Statistics releases its much-anticipated February jobs report, economists say:
-- "The economy probably created 210,000 jobs last month, according to a Reuters survey, following January's tally of 243,000. The unemployment rate is expected to have held at a three-year low of 8.3 percent."
-- "Economists forecast the data will show that private jobs increased 225,000 and total non-farm payrolls climbed 210,000 in February, according to a Bloomberg survey of economists. The jobless rate probably held at an almost three-year low of 8.3 percent."
If the jobless rate is unchanged from January's 8.3 percent, it would still be at the lowest level since February 2009. A year ago, it was around 9 percent.
We'll post the news once the report is out. And Planet Money plans to make sense of the numbers as well.