Labor Dept Reports 275,000 New Jobs In February

CNBC reports:

Job creation topped expectations in February and pointed to a still-vibrant U.S. labor market, even though the unemployment rate moved higher Nonfarm payrolls increased by 275,000 for the month while the jobless rate moved higher to 3.9%.

Economists surveyed by Dow Jones had been looking for payroll growth of 198,000, a step slower from the downwardly revised gain of 229,000 in January. The jobless level increased even though the labor force participation rate held steady at 62.5%.

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note how Cheryl Casone looks like she was just informed of some sort of breaking news tragedy as she comes to terms with the jobs report https://t.co/yXFiOYcMMk

— Aaron Rupar (@atrupar) March 8, 2024

New: The US added 275,000 jobs in February, more than expected, but the unemployment rate rose to 3.9% https://t.co/eMpxGGFSiC

— Bloomberg (@business) March 8, 2024

Breaking News: U.S. employers added 275,000 jobs in February, a sign of a solid economy. The unemployment rate rose to 3.9%. https://t.co/vqvopmiRWh

— The New York Times (@nytimes) March 8, 2024