Job Market Update: February 2017

Job growth remained strong in February with 235,000 jobs added.

Articles

Jobs Added

235,000

  • Construction

    58,000

  • Manufacturing

    28,000

  • Professional & Business Services

    37,000

  • Health Care

    29,000

  • Private Educational Services

    29,000

  • Finance

    7,000

  • Retail Trade

    -26,000

  • Food & Drink

    16,700

OK, time to review the first jobs report since President Trump’s inauguration.

The good news? In February, the country gained 235,000 jobs, and the number added in January was revised from 227,000 to 238,000. As far as specific industries, construction, professional and business services (such as legal, accounting, engineering and advertising,) private education, manufacturing, and health care fared well. Even mining—which the President promised to restore—saw 8,000 new jobs.

The bad news? There isn’t a whole lot. The unemployment rate did remain level at 4.7%, which equates to 7.5 million jobless Americans, but that’s been par for the course. Oh, and retail took a hit as jobs plunged by 26,000 since January.

All in all, over the past three months, we averaged 209,000 new jobs per month. Hopefully that number remains steady—or rises—over spring and summer. We’ll be watching closely!

Job Growth by Industry

February 2017

Unemployment Rate

  • Unemployment Rate

    4.7%

  • Change from Last Month

    -0.2%

In Your Region

February 2017

West

West

  • Unemployment Rate

    4.8%

  • Change from Last Month

    -0.1%

Lowest and highest unemployment rates

Hawaii (2.8 percent) / New Mexico (6.7 percent)

Midwest

Midwest

  • Unemployment Rate

    4.6%

  • Change from Last Month

    -0.1%

Lowest and highest unemployment rates

South Dakota (2.9 percent) / Illinois (5.7 percent)

Northeast

Northeast

  • Unemployment Rate

    4.5%

  • Change from Last Month

    -0.1%

Lowest and highest unemployment rates

New Hampshire (2.7 percent) / Rhode Island (4.7 percent)

West

South

  • Unemployment Rate

    5.0%

  • Change from Last Month

    +0.1%

Lowest and highest unemployment rates

Delaware (4.4 percent) / Alabama (6.4 percent)

Why This is So Important

Every month, the U.S. Bureau of Labor Statistics releases data on job growth and the unemployment rate. Really important stuff to employers, employees, job seekers, the President—pretty much everyone.

The thing is, it’s a ton of data. And it changes every month. What we do is break it down into a simple format, making it a breeze for you to check out what’s going on in—or out—of your industry and area. Convenient, right?

So, whether you’re putting people to work, love your job, or looking for a job to love, our Job Market Update will put you in the know. Enjoy it, and stay tuned for months to come.

This image and all data supporting this monthly blog post is provided by the BLS Regional and State Unemployment Report and the BLS Employment Situation Summary.

Related Articles

Are Millennials Moving to the Right Cities?
67% of Millennials we surveyed said they would move for "job opportunities." But are they making the right moves?
read more