Today’s Employment Situation Report indicated that in February, net nonfarm payrolls increased with private nonfarm payrolls adding 233,000 jobs and the unemployment rate going flat at 8.3% over the same period.Net private sector jobs increased 0.21% since last month climbing 2.07% above the level seen a year ago but but remained a whopping 4.23% below the peak level of employment seen in December 2007.