February non-farm payrolls is out from the BLS. Labor Force Participation Rate ticked up again – the tighter employment situation is pulling more people off the sidelines, which is what is supposed to happen. Wages aren’t growing at quite the pace you might have hoped, but we still added 242,000 jobs during the month.
There were upward revisions to December and January’s numbers to the tune of a combined 30,000 additional jobs for the two-month period.
Today, some experts will be picking apart the report and saying that the types of jobs we added weren’t “good” jobs. I wouldn’t consider someone who talks trash about economic reports for a living as having a “good” job either. So I guess we’re even.
Details on the report as well as helpful context where it always is – at Calculated Risk.
From an anecdotal standpoint, I’m proud to say that my firm continues to do its part in the jobs recovery.
We’re now up to 14 employees (from an original 4) and steadily interviewing financial advisors around the country who want to be a part of what we’re doing. We’re being very selective and looking for rock stars only. If you think you have what it takes to help us service our sophisticated, highly engaged client base, get in touch here.