Reason for rise satisfied

The US economy experienced net private job creation in February for the first time since May. The 46,000 increase was the largest in a year. While the Bureau of Labour Statistics (BLS) noted that much of the gain was due to 'special circumstances' ' post-Christmas lay-offs in retailing failed to materialise since there was little pre-Christmas hiring ' the truth is that seasonal adjustment factors all come out in the wash. The lack of holiday hiring depressed seasonally adjusted retail payrolls in the months before Christmas. Including government jobs, non-farm payrolls rose 66,000 in...