Unemployment Ticks Up to 6.7%
175K jobs added in February
By Evann Gastaldo, Newser Staff
Posted Mar 7, 2014 7:50 AM CST
In this Wednesday, Jan. 22, 2014 photo, job seekers line up to meet prospective employers during a career fair at a hotel in Dallas.   (AP Photo/LM Otero)

(Newser) – Pretty decent news in today's jobs report: 175,000 jobs were added in February; economists had expected 152,000. The unemployment rate ticked up from 6.6% to 6.7%. It had been expected to drop to 6.5%, but the AP explains why you shouldn't be alarmed: It went up because more people started looking for work. Even though those additional job seekers haven't yet found employment, it may signal that Americans are feeling more optimistic about their job prospects.

Previous months were also revised higher: January actually saw 129,000 jobs created, not 113,000; December saw 84,000 new jobs, up from the initial 75,000 estimate. But the Wall Street Journal calls those "minor revisions," and notes that payrolls grew an average of 129,000 per month for the past three months—slower than last year's average of 189,000 per month. Overall, the Journal bloggers don't seem too impressed with this report. Paul Vigna notes that bad weather might once again be a factor, but "all this shows is that we still have an economy that is so weak that a couple of snowstorms can blow it off course," he quips.

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Showing 3 of 92 comments
Donovan Moore
Mar 12, 2014 1:15 AM CDT
more people who gave up looking for a job.
WLeoB
Mar 9, 2014 10:28 AM CDT
Actually, this recession is turning into a depression that nobody is talking about in this election year. It's simple. The plebeians need to hold all incumbents in both of our two ruling parties responsible and replace them using the primaries and elections of 2014 & 2016.
robert
Mar 9, 2014 4:48 AM CDT
at this moment unemployed collecting benifits is 7.1%........ actual unemployed is 13.5%....someone is is fudging numbers to look good..