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February Jobs Report: Everything You Need to Know
Hcareers / MARCH 05 2021
Summary

The February jobs report announced that unemployment is at 6.2%, a .1% decrease from the 6.3% reported in January.

There were 379,000 jobs added overall this month, an increase from the 49,000 jobs that were added in January. The majority of the job gains occurred in the leisure and hospitality industry, with smaller gains in temporary help services, health care and social assistance, retail, and manufacturing. We are currently at 10.0 million unemployed persons. 

Employment in leisure and hospitality increased by 355,000 with 286,000, or 4/5, being in food services and drinking places, specifically. The current leisure and hospitality unemployment rate is at 13.5%, down from the 15.9% reported in January. 

From the Bureau of Labor Statistics

The number of temporary layoffs – or furloughs – is at 2.2 million, a decline of 517,000 persons from January. This number is down considerably from 18.0 million in April but is still 1.5 million higher than it was in February. 

13.3 million persons reported in February that they had been unable to work because their employer closed or lost business due to the pandemic. This includes those that did not work at all and those who worked fewer hours. 

The Department of Labor reported that another 745,000 workers filed for unemployment the week of February 27th, which was an increase of 9,000 from the previous week, which reported 736,000. 

If you are looking for a new career opportunity, we are adding new entry-levelmid-level and senior-level positions as they become available.