U.S. Employers Added a Solid 311,000 Jobs in February
U.S. hiring grew solidly in February as employers added 311,000 jobs. Unemployment rose to 3.6%.
Last month’s job growth, reported by the Labor Department on Friday, aligned with other evidence of resilient economic growth in the face of high inflation and rising interest rates. Payrolls advanced last month on a seasonally adjusted basis at a slower pace than in January, when employers added a robust 504,000 jobs.
Employers in leisure and hospitality, retail and health care snapped up workers last month, the Labor Department said. Transportation and warehousing, finance and manufacturing companies...