Regionally, job growth was distributed across the U.S. The Northeast added 20,000 jobs, while the Midwest saw a significant 39,000 new positions. The South and West regions contributed 37,000 and 42,000 jobs, respectively, indicating a nationwide trend of employment growth.
Establishment Size Variation
Small establishments (those with 1-49 employees) saw an increase of 13,000 jobs. Medium-sized establishments (50-499 employees) led the growth with 69,000 new jobs. Large establishments (500+ employees) also showed strong performance, adding 61,000 jobs.
Evolving Pay Trends
In February, pay gains for job-changers rose to 7.6%, marking the first increase in this category since November 2022. However, pay gains for job-stayers decelerated, recording the smallest increase since August 2021 at 5.1%.
Short-Term Market Forecast
Considering the steady…
Read More
