The Jobs Report – February 2021

What you need to know:

  1. After a rough winter, we are seeing improvement in jobs on the back of the gradual reopening of the economy.
  2. A very solid report with revisions to January payrolls adding an additional 117k jobs.
  3. Goods producing sectors lost 48k jobs but Leisure and Hospitality added 355k!
  4. The private sector added a whopping 465k jobs, but government was down 86k.
  5. We still have a way to go to get to full employment, but we are now well on our way.
  6. Immediately after the release, the U.S. 10yr hit 1.62%, a level not seen since Feb 25.

Below is a link to the full statistical summary provided by the Bureau of Labor Statistics:*

http://www.bls.gov/news.release/empsit.b.htm


*The information contained herein has been prepared from sources believed to be reliable but is not guaranteed and is not a complete summary or statement of all available data nor is it considered an offer to buy or sell any securities referred to herein. Links included herein are to unaffiliated third party sites. The Firm cannot verify or guarantee the accuracy of any information presented therein. By clicking on these links, the reader understands and acknowledges they are leaving Ziegler Capital Management’s web page.