February Jobs Report Shows Large Recovery Gap Remains : Planet Money : The Indicator from Planet Money It's Jobs Friday! The February jobs report shows signs of recovery, but there's still a long way to go. We talk to three experts about their indicators on how things will change and when.

Jobs Friday: Better! Still Not Good Tho

Jobs Friday: Better! Still Not Good Tho

  • Download
  • <iframe src="https://www.npr.org/player/embed/974208929/974261350" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript
OLI SCARFF/AFP via Getty Images
(Photo by OLI SCARFF/AFP via Getty Images)
OLI SCARFF/AFP via Getty Images

The labor market is still in rough shape, but it is improving. The Bureau of Labor Statistics just released the jobs report for the month of February, and it showed that the labor market created 379,000 jobs. That's more than economists had expected and also more than twice as many jobs as were created in January.

The improvement suggests that there might be bigger gains to come if COVID-19 cases keep falling, people get vaccinated and the economy can reopen. That said, context is important. More than 379,000 jobs created may sound good, but actually that means there are still about 9.5 million fewer jobs than before the pandemic was declared.

There's a lot more in the report; it's super detailed. And as we often do on Jobs Friday, we have asked three of our old faves — labor market experts — to pick out an indicator from the report that they think is especially worth highlighting.

Music by Drop Electric. Find us: Twitter / Facebook / Newsletter.

Subscribe to our show on Apple Podcasts, PocketCasts and NPR One.