Hiring bump adds 313,000 jobs in February
Posted on March 9, 2018
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By Christopher Rugaber, Associated Press
March 9, 2018
Hiring bump adds 313,000 jobs in February
WASHINGTON — U.S. employers went on a hiring binge in February, adding 313,000 jobs, the most in any month since July 2016, and drawing hundreds of thousands of people into the job market.
The Labor Department said wage gains, meanwhile, fell from January to 2.6 percent year-over-year. Strong hourly wage growth had spooked markets last month because it raised the specter of inflation. But January’s figure was revised one-tenth of a point lower to 2.8 percent.
The influx of new workers kept the unemployment rate unchanged at 4.1 percent.
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