US jobs surge 313,000 in February, unemployment steady - News Summed Up

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US jobs surge 313,000 in February, unemployment steady


Employers added 313,000 net new non-farm jobs last month, the biggest monthly increase since July 2016, while the unemployment rate remained steady at 4.1 percent for the fifth month in a row, according to the Labour Department’s highly anticipated monthly report. The goods-producing sector, including mining, manufacturing and the auto sector, added 100,000 new positions while the services sector added 187,00 jobs. The public sector gained 26,000, with hiring added in education and at the state government level. Retailers hired less than expected before the holidays but laid off fewer workers than expected afterwards, resulting in apparent gains for the sector after seasonal adjustment, the report said. But there also were signs the hunger for increasingly scarce workers was causing companies to dig deeper into the labor pool.


Source: New Strait Times March 09, 2018 16:07 UTC



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