HIRING SURGES IN FEBRUARY, WAGE GROWTH REMAINS SOFT
U.S. employers went on a hiring binge in February, adding 313,000 jobs. That is the largest addition in any month since July 2016.
At the same time, average wages rose 2.6 percent over the past 12 months, a slowdown from January’s accelerated pace, which had spooked investors because it raised fears of high inflation.
An influx of new job seekers in February kept the unemployment rate unchanged at a low 4.1 percent.
February’s hiring surge points to a U.S. job market that remains robust, and might even be strengthening. Job growth has averaged 242,000 over the past three months, above 2017’s monthly pace of 187,000.