U.S. Payrolls Rise 262,000 in February

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00007308-us-payrolls-rise-262000-in-february/

The U.S. labor market didn’t disappoint in February, as 262,000 new jobs were added to the economy, the Labor Department reported Friday.

This is the largest monthly increase in payrolls since October.

The increase was at the top end of forecasts. Economists surveyed by MarketWatch had an average forecast of 221,000 new jobs, with a range of 150,000 to 300,000.

Still, the report was not the “blowout,” that had been speculated about, said Matt Johnson, chief economist at ThinkEquity Partners.

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U.S. Payrolls Rise 262,000 in February

Unknown Author

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