U.S. Added 678,000 Jobs in February

The U.S. economy added 678,000 jobs in February and the jobless rate fell to 3.8%, the Labor Department said Friday, signs of a robust labor market.

Job growth was also stronger in prior months than initially reported, the agency said. The economy added 481,000 jobs in January and 588,000 jobs in December, both stronger than previously estimated.

Employers continued to boost wages in February as they competed over a depleted pool of workers, though the growth in earnings slowed. The average hourly earnings of private-sector workers rose a penny from a month...