Labor Market Added 311,000 Jobs In February—But Unemployment Rate Unexpectedly Rose To 3.6%

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After an unexpectedly strong jobs report in January, economists were expecting the economy added about 225,000 jobs in February.

Amid waves of layoffs continuing to hit some of the nation’s largest employers, the unemployment rate unexpectedly ticked up last month despite the labor market gaining significantly more jobs than expected—adding to mixed messages about the economy as the Federal Reserve decides whether it should once again ramp up its aggressive campaign to tame rising prices.

Notable job gains occurred in leisure and hospitality, which added 105,000 jobs and has continuously performed well over the past six months, the government said; retail trade and government employment also saw outsized gains. Despite the unexpected job gains, wages fell short of expectations, with average hourly earnings rising by 8 cents to $33.09, or just 0.2% month to month compared to projections of 0.3% growth.

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شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Re-employment should be given incentives The government should also help

Everyone knows that interest rate increases start to take effect 6-12 months later. This is just the beginning, the American economy is going to fail

Seems like someone's lying... forbes quickly covering up comments that call you out.

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Economy adds 311,000 jobs in February, reflecting ongoing labor market strengthThe job gains came in lower than January’s eye-popping numbers, providing bolstering evidence that the economy may finally be cooling. February marked the 26th straight month of job growth, according to data released Friday from the Bureau of Labor Statistics. The recent uptick in jobs could spur the Federal Reserve to raise interest rates more sharply. Feds: *try to trigger a recession to undermine the labor market The labor market: And added proof that whoever this writer is, did not attend Econ 101. This is NOT a 'strength in the labor market'. It's a lack of a labor market due to Bidenflation caused by stupid energy policies.
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