Economic Statistics for 4 Mar 16
A -2.1% decline in exports outpaced a -1.3% drop in imports to increase January’s trade deficit to $-45.7 billion.
242,000 net new jobs were created in February, as the unemployment rate held steady at 4.9%. The labor participation rate rose to 62.9%. On the negative side, however, average hourly earnings fell -0.1%, as did the average work week, down -0.2 hours to 34.4 hours. The U-6 unemployment rate, the broadest measure of underemployment, fell -0.2% to 9.7%.