The BLS notes severe winter weather occurring in much of the country during the February survey period. Bad weather - says the agency - is more likely to show up in average weekly hours than in the headline payroll number, and this month's report has the average workweek declining by 0.1 hours to 34.2 hours.
Previous: Jobs +175K vs. +154K expected
Maybe most surprising in today's report is the 0.4% increase in average hourly earnings, the biggest gain in nearly a year.
The labor force participation rate is flat at 63% - it was 63.5% a year ago. The employment-to-population ratio is flat at 58.8% - it was 58.6% a year ago.
Expiring unemployment benefits didn't put a dent in long-term unemployed which rose 203K.
The broader U-6 unemployment rate slips to 12.6% from 12.7% - it was 14.9% a year ago.
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