The first full jobs report of the Trump
administration came in like a lion: America added 235,000 new jobs to
the economy in February, beating analyst expectations that had pegged
the monthly figure at 190,000, and paving the way for a Fed rate hike.
Data from the Bureau of Labor Statistics also showed that the
unemployment rate ticked down from 4.8 percent to 4.7 percent,
indicating that slightly fewer Americans are out looking for work.
Wage growth, a key indicator that disappointed
in January but had a strong showing in December, at 2.9 percent — the
biggest uptick in seven years — also improved for February, hitting 2.8
percent year on year. Higher wages indicate a tighter labor market, with
employers forced to offer better pay to attract workers.
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Source: NBC News
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