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Nonfarm payroll Employment Up 175,000 in February
Friday, March 7, 11:37 AM ET

According to the Bureau of Labor Statistics, total nonfarm payroll employment increased by 175,000 in February, and the unemployment rate was little changed at 6.7 percent. Employment increased in professional and business services and in wholesale trade but declined in information.

Both the number of unemployed persons (10.5 million) and the unemployment rate (6.7 percent) changed little in February. The jobless rate has shown little movement since December. Over the year, the number of unemployed persons and the unemployment rate were down by 1.6 million and 1.0 percentage point, respectively.

Currently the yield on the 10 Year Treasury is at 2.8%, up 10 basis points over yesterday's close.

For MarketNewsVideo.com, I'm Sayoko Murase.

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