Market Insight March 2022

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March 6, 2022 No comments

Jobs February—Job growth accelerated in February, posting the biggest monthly gain since July as the employment picture got closer to its pre-pandemic self.
Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department’s Bureau of Labor Statistics reported Friday.
That compared with estimates of 440,000 for payrolls and 3.9% for the jobless rate.


In a sign that inflation could be cooling, wages barely rose for the month, up just 1 cent an hour, or 0.03%, compared with estimates for a 0.5% gain. The year-over-year increase was 5.13%, well below the 5.8% Dow Jones estimate as more lower-wage workers were hired and 12-month comparisons helped mute more recent gains.

Source: CNBC, 03.04.2022 

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