BUSINESS + ECONOMY

The US economy added 275,000 jobs in February, as the labor market continues its steady growth

Mar 8, 2024, 6:46 AM | Updated: Apr 9, 2024, 8:58 am

February jobs report showed strong in adding more jobs to the economy....

People work at a restaurant at Chelsea Market in Manhattan on February 02, in New York City. (Spencer Platt/Getty Images via CNN Newsource)

(Spencer Platt/Getty Images via CNN Newsource)

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New York (CNN) — The US economy added 275,000 jobs last month in February, the Bureau of Labor Statistics reported Friday, a larger-than-expected gain that shows the labor market remains strong and stable.

Economists had expected a net gain of 200,000 jobs in February, according to FactSet estimates.

The unemployment rate climbed higher to 3.9%, from 3.7% the month before.

It’s the 25th consecutive month that the nation’s jobless rate has been below 4%, the longest stretch in more than 50 years.

This story is developing and will be updated.

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The US economy added 275,000 jobs in February, as the labor market continues its steady growth