In January, paced by large gains in arts, entertainment and recreation, this series added an upwardly revised 89,000 jobs to total payrolls. In February, paced by a small decline in the arts, entertainment and recreation sector that was perfectly offset by a gain in the accommodation and food services category, the net change was zero.

You can’t argue with the arithmetic, but you can see that zeros are rare.

Let’s wait and see whether that zero stays on the chart before we decide if there is a message here.

The drop you see in September of last year was caused by a hurricane.

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