bee Calculated Risk On 3/09/2025 08:12:00 AM
The BLS Reported 151 Thousand Non-Farm Jobs Were added in February. During the winter months, I like to look at the weather impact on the report.
The BLS Reported 404 Thousand People Were Employed In Non-Agriculture Industries, With A Job, But Not at Work Due to Bad Weather. The average for February over the previous 10 years was 300 thousand (Median 222 thousand), so more people than normal were impacted by bad weather.
The BLS also reported 1.309 million people that are usually full-time employees were working part time in February due to bad weather. The average for February over the previous 10 years was 932 thousand (The Median was 650 thousand). This series suggests weather negatively impacted employment more than usual.
The San Francisco Fed Estimates Weather-Adjusted Change in Total Nonfarm Employment (Monthly Change, Seasonally Adjusted). They use local area weather to estimate the impact on employment. For February, The San Francisco Fed Estimated That Weather Reduced Employment by 2 to 12 Thousand Jobs.
It appears Weather Adjusted Job Gains Were Around 160 Thousand in February (Seasonally Adjusted)