Speed Reads

a dose of good news

America's economy added 235,000 jobs in February — and the unemployment rate fell to 4.7 percent

The U.S. economy added 235,000 jobs in February, according to government data released Friday, beating economists' expectations in the first full month of the Trump presidency. The unemployment rate edged down to 4.7 percent from 4.8 percent in January, and wages rose by 6 cents to $26.09, rebounding from a disappointing 3-cent rise in January. Stock futures rose early Friday in anticipation of a strong government jobs report after a separate survey published earlier in the week by ADP and Moody's Analytics showed hiring blasting past forecasts. The gains were expected to strengthen the argument that the economy is strong enough for Federal Reserve policy makers to raise interest rates when they meet next week.