Posted 3/9/2024, 9:48:26 PM
U.S. Job Market Continues Long Streak of Strong Growth, Adding 275,000 Jobs in February
- The U.S. job market grew by 275,000 jobs in February, far exceeding projections and continuing a long streak of strong job growth
- The unemployment rate ticked up slightly to 3.9% but remains extremely low by historical standards
- Long-term unemployment dropped by 6% in February
- The consistent job growth shows the overall strength of the job market over time, like Joe DiMaggio's legendary 56-game hitting streak
- Even when DiMaggio's hitting streak ended, he started a new 17-game hitting streak, showing his consistent excellence