BUSINESS + ECONOMY
The US economy added 311,000 jobs in February, outpacing expectations
(CNN) — The US economy added 311,000 jobs in February, according to the Labor Department’s closely watched monthly employment snapshot, released Friday.
That’s a pullback from the blockbuster January jobs report, when a revised 504,000 positions were added, but shows the labor market is still emitting plenty of heat.
The unemployment rate ticked up to 3.6% from 3.4%.
Economists were expecting a net gain of 205,000 jobs for February and an unemployment rate of 3.4%, according to Refinitiv.
The Federal Reserve has been battling for almost a year to slow the economy and crush the highest inflation in 40 years, but the labor market continues to defy those efforts.
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