U.S. Job Market Report for February
Job creation in the U.S. exceeded expectations in February, with nonfarm payrolls increasing by 275,000. Despite the increase in jobless rate to 3.9%, the labor market remains strong. Average hourly earnings showed a slightly lower increase than expected, with markets reacting calmly to the news.
Key Points
- Nonfarm payrolls increased by 275,000
- Jobless rate moved higher to 3.9%
- Average hourly earnings rose just 0.1% on the month
- Markets showed little reaction to the news
Pros
- Job creation exceeded expectations
- Nonfarm payrolls increased by 275,000
Cons
- Jobless rate moved higher to 3.9%