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Unemployment report shows stagnant economy in February
Howard Richman, 3/5/2010

The latest unemployment report from the Bureau of Labor Statistics had unemployment stay at 9.7% while employment lost 36,000 jobs. In other words, the economy is still stagnating.

Manufacturing employment fell steadily until December 2009, but since then it has been flat.  In nonseasonally-adjusted numbers, the economy lost jobs but in seasonally-adjusted numbers it gained jobs. The following table shows the manufacturing employment numbers in thousands for the last three months:

Month Non-Seasonally Adjusted Seasonally-Adjusted
Dec. 2009 11580 11534
Jan. 2010 11451 11554
Feb. 2010 11446 11555

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