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home / news releases / SPXV - February Jobs Report: A Confusing Picture


SPXV - February Jobs Report: A Confusing Picture

2024-03-08 20:30:00 ET

Summary

  • While the February jobs report delivered another very strong payrolls number, the broader details of the report painted a confusing picture of the labor market.
  • Although jobs growth was stronger than expected in February, there was a meaningful downward revision to the January jobs number, plus a jump in the unemployment rate.
  • Monthly average hourly earnings growth was weaker than expected, but the annual figure remains elevated.

By Seema Shah, Chief Global Strategist

While the February jobs report delivered another very strong payrolls number, the broader details of the report painted a confusing picture of the labor market....

For further details see:

February Jobs Report: A Confusing Picture
Stock Information

Company Name: ProShares S&P 500 Ex-Health Care
Stock Symbol: SPXV
Market: NYSE

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