Meaty Manpower

February’s net job growth was 235,00 and January’s number was revised up 11,000 to 238,000! The unemployment rate declined to 4.7%, the labor force grew by 340,000, Y-o-Y wage growth rose from 2.6% to 2.8%, those working part-time involuntarily declined by 136,000, the employment-to-population ratio hit 60%; best since 2/09, and construction employment grew 58,000, the best monthly growth in over a decade. A rate rise next week is guaranteed.