Today’s Employment Situation Report indicated that in February, net non-farm payrolls increased notably adding 236,000 jobs overall with the private non-farm payrolls sub-component adding 246,000 jobs while the civilian unemployment rate declined to 7.7% over the same period. Net private sector jobs increased 0.22% since last month climbing 1.86% above the level seen a year ago but remained 2.13% below the peak level of employment seen in December 2007.