Wells Fargo Weekly Economic and Financial Commentary, March 8, 2013

  • by BPC Staff
  • on March 11, 2013

In This Issue:

Are Things Looking Up?

  • Nonfarm payrolls increased by a stronger-than-expected 236,000 jobs in February. Average hours worked and earnings also rose, which bodes well for income growth.
  • The unemployment rate fell to 7.7 percent from 7.9 percent on the back of an increase in household employment and a drop in the labor force.
  • The ISM non-manufacturing index posted another solid reading in February. The index rose to 56 with gains across most categories.

Read the full commentary HERE