The U.S. Department of Labor released its monthly job report this morning and although the unemployment rate increased to 7.3 percent, the good news is that employers have added 204,000 jobs.
This number of job addition was significantly higher than original estimates.
According to ABC News, economists surveyed prior to the report anticipated 120,000 added jobs and an unemployment rate of 7.3 percent.
As for the biggest increases in labor, experts point to the leisure and hospitality world to the tune of 53,000 new jobs. The professional and business sector saw a boost as well at 44,000 new jobs.
Keeping last month’s government shutdown in mind, ABC News pointed out investors and economists were looking closely at the report to see how the shutdown impacted labor. They anticipated the unemployment rate to be impacted since furloughed workers are considered to be unemployed if they’re not working for a week.
- Should You Continue to File Unemployment Claims After Being Denied?
- Department of Labor's Monthly Jobs Report Reveals Decent News
- ADP Report Reveals Slow Job Movement in February
- How to Follow Up After an Interview Without Being a Stalker