The U.S. Bureau of Labor Statistics released its February employment report on Friday, showing that total nonfarm payroll employment increased by 235,000 in February while the national unemployment rate improved by one-tenth of a point from January to 4.7 percent as the workforce grew.
Manufacturing added 28,000 jobs in February, adding 10,000 in durable goods manufacturing and 18,000 in nondurable goods. The biggest gains in food manufacturing (+9,000) and machinery (+7,000), while transportation equipment lost 6,000 jobs. Over the past three months, manufacturing has added 57,000 jobs. February’s manufacturing unemployment rate of 4.0 percent improved from January’s 4.2 percent, with durable goods manufacturing checking in at 4.5 percent and nondurable goods at 3.1 percent.
The biggest winner for nonfarm jobs