February Employment Statistics

February Jobs Numbers: The Devil is in the Details

Reported by Barbara Byrne Denham

The U.S. economy added only 20,000 jobs in February; however, this rounding error of a gain follows a revised gain of 311,000 jobs in January and 227,000 jobs in December. The details show that the two-month fluctuation was due to a seasonal adjustment aberration as the losses in February – concentrated in construction, retail and private education – follow sharp gains in these industries in January.

Download the full report to learn more about jobs figures by sector. 


Barbara Byrne Denham is a Senior Economist in the research and economics department at Reis, the team responsible for the firm’s market forecasting, valuation, and portfolio analytics services. Throughout her 20-year career, Barbara has written a number of white papers on the commercial real estate market.

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