U.S. adds 242,000 jobs in February, unemployment holds steady
The U.S. economy exceeded expectations by adding 242,000 jobs in February, up from an underwhelming 151,000 jobs in January. The unemployment rate held steady at its eight-year low of 4.9 percent. Economists have said that payrolls need to exceed 125,000 to keep the jobless rate stable. Average hourly earnings dropped slightly, by 0.1 percent, following big gains in January.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.
Join more than 350,000 subscribers and keep yourself informed with a selection of The Week’s most interesting, enlightening and entertaining stories - plus daily puzzles.
