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According to the U.S. Bureau of Labor Statistics employment situation summary released March 5, 2021, the unemployment rate remained essentially unchanged at 6.2% in February. and the number of unemployed rose by 379K.
In February, there were gains in leisure and hospitality, temporary help services, health care and social assistance, retail, and manufacturing. Employment dropped in state and local government, education, construction, and mining.
The number of people on temporary layoff decreased by 517K in February to 2.2M. The number of permanent job losers in February remains essentially unchanged at 3.5M.
In February, the number of unemployed for less than 5 weeks was little changed at 2.2M. The number of long-term unemployed (those who have been jobless for 27 weeks or more) was essentially unchanged at 4.1M, accounting for 41.5% of the total unemployed.
Visit the U.S. Bureau of Labor Statistics for the complete summary.
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