Economy Gains 379,000 Jobs in February; Unemployment Down to 6.2%

The U.S. economy gained 379,000 jobs in February, and the unemployment rate fell to 6.2%, according to figures released Friday morning by the U.S. Bureau of Labor Statistics.

In response to the February job numbers, AFL-CIO Chief Economist William Spriggs tweeted:

Last month’s biggest job gains were in leisure and hospitality (+355,000), health care and social assistance (+46,000), retail trade (+41,000) and manufacturing (+21,000). The biggest losses were in construction (-61,000), local government education (-37,000), state government education (-32,000) and mining (-8,000). Employment changed little in other major industries, including wholesale trade, transportation and warehousing, information, financial activities and other services.

In February, the unemployment rate increased for Black Americans (9.9%). The unemployment rates for teenagers (13.9%) and Asians (5.1%) declined. The rates for Hispanics (8.5%), adult men (6.0%), adult women (5.9%) and White Americans (5.6%) showed little or no change.

The number of long-term unemployed workers (those jobless for 27 weeks or more) barely changed in February and accounted for 41.5% of the total unemployed.

This blog originally appeared at AFL-CIO on March 5, 2021. Reprinted with permission.

About the Author: Kenneth Quinnell  is a long-time blogger, campaign staffer and political activist whose writings have appeared on AFL-CIO, Daily Kos, Alternet, the Guardian Online, Media Matters for America, Think Progress, Campaign for America’s Future and elsewhere.

The post Economy Gains 379,000 Jobs in February; Unemployment Down to 6.2% first appeared on Today’s Workplace.

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