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Economic Statistics for 7 Mar 14

The Labor Department reports that 175,000 net new jobs were created in February. The unemployment rate rose a tick to 6.7%. Average hourly earnings rose 0.4%, while the average work week fell from 34.4 to 34.2 hours. The labor force participation rate held steady at 63.0%.  The real unemployment rate, using the historical average rate of labor force participation, rose slightly, from 11.14% to 11.19%.

The nation’s trade deficit was $-39.1 billion in January.

January consumer credit rose by $13.7 billion, though this hides a decline of $0.2 billion in revolving credit.


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