Posted 3/8/2024, 1:37:00 PM
US Adds 275,000 Jobs in February, Exceeding Expectations and Maintaining Historic Labor Market Strength
- US employers added 275,000 jobs in February, beating economists' expectations of 200,000 jobs added
- The unemployment rate ticked up slightly to 3.9% from 3.7% the previous month
- Job growth continues a historic labor market expansion, with 25 straight months of unemployment under 4%
- Fewer Americans are voluntarily quitting jobs or jumping ship compared to pandemic recovery years
- Job openings remain relatively high at 8.86 million, indicating continued labor market strength