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
