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February Jobs Report Keeps Fed on Track to Lift Rates
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The February jobs report is likely to do little to alter the Federal Reserve’s plans to raise interest rates in two weeks, but a continued run of strong hiring points to further increases in borrowing costs this spring.
Employers added 678,000 jobs in February, and the unemployment rate declined to 3.8%, the lowest level since the coronavirus pandemic hit the U.S. economy two years ago, the Labor Department reported on Friday. Average hourly earnings were flat in February compared with January and rose by 5.1% from a year earlier.
Read more on wsj.comAbout this in other media
UK living standards face squeeze despite strong jobs market theguardian.com /2 years ago
UK chipmaker Arm to cut up to 1,000 jobs after $40bn sale collapses theguardian.com /2 years ago
NY Fed: Public’s Near-Term Inflation Expectations Again Hit Record In February wsj.com /2 years ago
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