FXstreet.com (Barcelona) - US non farm-payrolls have decreased for the second consecutive month in February, against the expectations of a slight increase, while the unemployment rate has edged down, according to the latest data released by the US Labor Department.
Non-farm employment has decreased by 63,000 in February. Against the market expectations of a 30,000 increase, while January's reading has been revised to a decrease of 22,00 from the 17,000 decrease previously estimated.
The unemployment rate has edged down to 4.8% from the 4.9% posted in January. Employment has decreased in manufacturing, construction and retail trade, while health care and food services sector posted improvement in job creation.
Average hourly earnings have increased by 5 cents or 0.3% on the month, to $17.80, seasonally adjusted, February's increase of hourly earnings follows rises of 6 cents and 5 cents in December and January respectively. The average weekly hours remained unchanged at 33.7 hours in February.