Why the February jobs report is far, far better than it looks

Alex Wong/Getty Images

Why the February jobs report is far, far better than it looks
(Image credit: Alex Wong/Getty Images)

The U.S. Bureau of Labor Statistics says 175,000 new jobs were added in February, well above Wall Street's consensus estimate of 149,000.

162,000 of those hires were to private payrolls, while government took on 13,000 new employees.

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John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.