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Economy Added 175,000 Jobs In February; Unemployment Rose To 6.7 Percent

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"Economy Added 175,000 Jobs In February; Unemployment Rose To 6.7 Percent"

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The economy added 175,000 jobs in February while the unemployment rate rose to 6.7 percent, according to the latest data from the Bureau of Labor Statistics. Analysts had expected 149,000 jobs to be added. Upward revisions for December and January added an extra 25,000 jobs.

Food services and drinking places continued to add jobs, with 21,000 more in February and an average of 27,000 added each month over the last year. Professional and business services also added 79,000 jobs.

The number of long-term unemployed increased by 203,000 in February, and they now total 3.8 million people.

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