US employers add a surprisingly strong 275,000 jobs in sign of continued economic strength
Last month’s job growth was up from a revised gain of 229,000 jobs in January.
WASHINGTON — America’s employers delivered another healthy month of hiring in February, adding a surprising 275,000 jobs and again showcasing the U.S. economy’s resilience in the face of high interest rates.
Last month’s job growth was up from a revised gain of 229,000 jobs in January. The unemployment rate ticked up two-tenths of a point to 3.9% but was still the 25th straight month in which it has remained below 4%.
Friday’s government report reflected the job market’s sustained ability to withstand the 11 rate hikes the Federal Reserve imposed to fight inflation, which made borrowing much costlier for households and businesses. Employers have continued to hire briskly to meet steady demand from consumers across the economy.
……..
- Discussion
-
US employers add a surprisingly strong 275,000 jobs in sign of continued economic strength https://t.co/fTJRT9RZq4
— POLITICO (@politico) March 8, 2024
You must be logged in to reply to this topic.