- The labor force participation rate slipped to 62.8% in February from 62.9% in January. One year ago, it was 63%.
- January's originally-reported 257K job gain is revised down 18K to 239K, and December's gain of 329K is unrevised.
- The average workweek of 34.6 hours in unchanged for the 5th straight month.
- Average hourly earnings up just 0.1% to $24.78, and up 2% Y/Y.
- The broader U-6 unemployment rate fell to 11% from 11.3% in January. One year ago, it was 12.6%.
- The 10-year Treasury yield has spiked up to 2.17% in response to the strong print, and the dollar has spiked higher. TLT -0.7%, UUP +0.8%
- Previously: Another beat for payrolls, UE rate down to 5.5% (March 6)
- ETFs: TBT, TLT, UUP, TMV, UDN, IEF, TBF, EDV, TMF, PST, TTT, ZROZ, SBND, TLH, IEI, UUPT, TYO, VGLT, FORX, DLBS, DTYS, UDNT, UST, UBT, TLO, VGIT, TBX, USDU, GSY, TENZ, SCHR, DTYL, TYD, LBND, ITE, TYBS, DLBL, DFVL, TBZ, FIVZ, DFVS, TYNS, SYTL