Employers in the United States added 311,000 jobs in February, a sign that the labor market remains solid even as the Federal Reserve tries to slow economic growth. About 419,000 people joined the job market in February compared with January, according to Faucher. “[I]f job growth stays at this pace, labor market imbalances are not going to ease,” Coulton noted. In conclusion, despite efforts by the Federal Reserve to slow economic growth, job growth in the US remains strong, with employers adding 311,000 jobs in February. However, with the labor market remaining imbalanced, concerns remain over inflation and the future of the economy.

Source: Washington Post March 11, 2023 16:05 UTC