U.S. economy adds 313,000 jobs in February, biggest gain since mid-2016
U.S. employers added 313,000 non-farm jobs in February, exceeding expectations and marking the biggest gain since mid-2016. Economists polled by MarketWatch had predicted an increase of 222,000 jobs. January's gains were adjusted up to 239,000 from 200,000. Unemployment remained at 4.1 percent, and hourly pay rose by 4 cents to $26.75. The 12-month wage gain fell from 2.8 percent in January to 2.6 percent in February. The slowdown in wage growth pointed to a gradual increase in inflation, suggesting little reason to adjust expectations that the Federal Reserve will hike interest rates at its next two-day policy meeting, which starts March 20.
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Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.
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