February Jobs Report

#Jobs — Slightly less than expected; UE a bit higher

Gain of +151,000 non-farm payroll jobs, vs. expected gain of 170K
Unemployment up 0.1 to 4.1%
U6 unemployment 8.0%, up by 0.5%
Labor force participation down 0.2 to 62.4%
Average hourly earnings up by 0.3%, as expected; +4.0% Y/Y

December jobs revised up by +16K to +323K
January jobs revised down by +18K to +125K