From the JEC:
Joint Economic Committee (JEC) Senator Sam Brownback
January Employment and Unemployment: The Bureau of Labor Statistics (BLS) released a report today on employment and unemployment for February (BLS pdf summary available at http://www.bls.gov/news.release/pdf/empsit.pdf ).
Highlights of the report:
· Non-farm payroll employment increased by 97,000 new jobs in February, following increases of 226,000 in December and 146,000 in January.
January marks the 42nd consecutive month with payroll job gains. Close to 7.6 million new payroll jobs have been created in that period.Over the year ending in February, payroll employment grew by 2 million.Since the enactment of tax relief in 2003 (i.e., from June 2003 through February 2007), monthly payroll job gains have averaged a healthy 169,000. In contrast, average monthly payroll job losses between the beginning of 2001 and enactment of pro-growth tax relief were -88,000. · The unemployment rate edged down to 4.5% in February, from 4.6% in January.
The unemployment rate has ranged from 4.4% to 4.6% for the last six months.The unemployment rate remains well below the recent peak of 6.3% in June 2003.






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