Market Outlook · March 04, 2022

Making Sense: February's Employment Report

Brent Ciliano

CFA | SVP, Chief Investment Officer

Phillip Neuhart

SVP, Manager of Institutional Portfolio Strategy


The US Labor Market Remains Robust

In another strong employment report, nonfarm payrolls gained 678,000 jobs in February, which is well above expectations of a 423,000 job gain. January's employment gain was also revised higher by 14,000.

What does this mean for investors?

In the first 2 months of the year, the US labor market was robust. While investors must contend with high inflation, Federal Reserve interest rate hikes and geopolitical risk in Europe, the labor market—the fundamental growth driver of the US economy—remains strong.

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