U.S. job growth accelerates in February; unemployment rate falls to 3.8%
U.S. employers hired far more workers than expected in February, pushing the labor market closer to maximum employment, but rising headwinds from geopolitical tensions could hurt business confidence and slow job growth in the months ahead.
US jobs numbers beat predictions, with 200,000 new jobs added in February
Economists say that the pressure for higher wages appeared to be subsiding and labor shortages easingEmployers added 678,000 jobs to the US workforce in February and the unemployment rate edged down to 3.8%, as the impact of the omicron coronavirus variant eased, workers began returning to offices en masse, and demand for services increased.Confounding expectations that the variant would dull workforce gains, the jobs data beat most economists’ …
U.S. added 678,000 jobs in February in sign of economic health
U.S. employers added a robust 678,000 jobs in February, another gain that underscored the economy’s solid health as the omicron wave fades and more Americans venture out to spend at restaurants, shops and hotels despite surging inflation.