U.S. Adds Strong 275K Jobs in February, But Unemployment Rises Unexpectedly to 3.9%
- U.S. economy added 275K jobs in February, exceeding expectations of 200K
- Unemployment rate rose unexpectedly to 3.9% vs 3.7% expected
- Job growth over last 3 and 6 months still robust at 244K and 228K respectively
- Inflation remains stubbornly above Fed 2% target, pushing rate cut expectations later
- Average hourly earnings slowed in February, rising 0.1% vs 0.3% expected
