Making Sense: February's Employment Report
CFA | SVP, Chief Investment Officer
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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