Posted 3/8/2024, 11:00:01 AM
February Job Growth Cools After January Surge But Labor Market Remains Tight
- February job growth estimates more modest after January surge; range of forecasts wider than usual
- Unusually warm February weather may have allowed more people to return to work
- Job openings declining in retail, transportation, accommodations, but still high in healthcare
- Slower labor market allows employers to invest more in training and find better employee matches
- Fed watching jobs data for hints on appropriate timing for interest rate cuts
