Bloomberg: Payrolls grew in 42 states in February, and the unemployment rate fell in 22.
Texas led with an 80,600 hiring increase, the biggest in data going back to 1982, followed by California with 41,200, according to figures from the Labor Department today in Washington. Rhode Island, Vermont, California and New Jersey showed the biggest declines in unemployment rates.
“Labor market conditions continue to improve,” Russell Price, a senior economist at Ameriprise Financial Inc. in Detroit, said before the report. “The consumer has shown a lot of resilience.” Price is the top forecaster of employment for the past two years, according to data compiled by Bloomberg.