The economy added a surprisingly-strong 175,000 jobs in February. Economists were expecting 150,000. The government also revised the last two months’ reports higher than originally reported. Employers added 129,000 jobs in January, up from the initial report of 113,000 and 84,000 jobs in December, up from a previously revised 75,000.
The unemployment rate ticked up to 6.7% in February from 6.6% in January. The labor force participation rate remained near historic lows at 63% in February.
In on our poll today: what do you think is the best way to spur new job growth? Lower corporate taxes, more government investment, more cooperation in Washington that would provide more certainty, more regulation, less regulation or something else? Cast your vote and post your comments below.
Here are some of the stocks the Yahoo Finance team will be watching for you today. Facebook (FB) is facing opposition from privacy advocates over its $19 billion acquisition of messaging service, WhatsApp. The Electronic Privacy Information Center and the Center for Digital Democracy filed a complaint with the Federal Trade Commission claiming WhatsApp users could not have foreseen that the service would be taken over by the world's largest social network and their data used in its advertising business. Facebook has said WhatsApp will remain a separate business and the social network would respect its commitments to privacy. WhatsApp has said its users' personal data would not be shared with Facebook.
And Gap (GPS) reported February same store sales fell 7%. Wall Street was looking for a gain of 1.1%. The Gap brand saw a drop in sales of 10%. Old Navy sales fell 6% and Banana Republic sales declined 7%. Gap said the weather caused the company to close more than 450 stores temporarily in February.