The February Jobs report is out this morning, showing an unemployment rate that has now dropped to 5.5%:
Employers added more jobs than forecast in February and the unemployment rate dropped to 5.5 percent, the lowest in almost seven years, showing the labor market is sustaining progress after the best performance since 1999.
The 295,000 advance in payrolls last month followed a 239,000 January increase that was smaller than previously reported, figures from the Labor Department showed Friday in Washington. The median forecast in a Bloomberg survey of economists called for a 235,000 increase. The unemployment rate fell from 5.7 percent, while hourly earnings rose less than forecast.
Here is what I am reading this morning:
All Banks Pass The Stress Test
February Payrolls Increase 295k
Apple Joins The Dow Jones Industrial Average
Economy Has Now Added 200k or More Jobs 12 Months In A Row
What's The Real unemployment Rate?