The latest labor market reckoning out from the Bureau of Labor Statistics Friday showed stronger than anticipated job growth and signs that discouraged workers are not only jumping back in the game, but also finding work quickly when they do. Wages proved a weak point in February, but most economists don’t yet see the dip as cause for concern.
The new data shows employers in the United States adding 242,000 jobs last month. The BLS report also shows the unemployment rate at 4.9%, maintaining the eight-year low it first hit in January. Economists had been calling for around 200,000 payroll additions in February and for the unemployment rate to remain steady.
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