Author: David Smith|| Date Published: March 13, 2017
Executive Mosaic’s GovCon Index followed markets to close up Friday after the release of strong February employment figures.
The Labor Department™s monthly report showed employers added an above-forecast 235,000 positions in February, with the jobless rate dropping to 4.7 percent. Other strong indicators from the February report were a pickup in wage growth and the share of prime-age Americans in the labor force — all pointing to the high probability of a Fed rate increase at this week’s meeting.
WTI crude remains below the $50 mark closing at $48.39 per barrel off the weekly high of $53.62.
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Executive Mosaic’s GovCon Index followed markets to close up Friday after the release of strong February employment figures.
