The New York City skyline in the United States

United States Unemployment February 2022

United States: Labor market tightens further in February

Total non-farm payrolls increased by 678,000 in February, following January’s 481,000 increase in payrolls. Employment gains occurred in professional and business services, and leisure and hospitality.

The unemployment rate ticked down slightly from 4.0% in January to 3.8% in February, while the labor force participation rate increased to 62.3% in February—the highest level since March 2020—up from January’s 62.2%. Hourly earnings were flat month-on-month in February (January: +0.6% mom), while annual wage growth dipped to 5.1% from 5.5% in January.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest