U.S. Adds 313,000 New Jobs in February
March 2018Non-farm payroll has increased yet again, surprising economists who predicted only a moderate increase in the jobs report for February. A hot labor market has shown no sign of cooling as the U.S. has added 313,000 jobs in February, the most since July 2016.
The portion of Americans over 16 working or looking for jobs increased from 62.7% to 63%, which has kept the unemployment rate unchanged at 4.1%, a 17-year low.
The unseasonably warm weather has allowed the construction segment to add 61,000 jobs, the most notable job gains. Followed closely by retail (50,000 positions), professional and business services (50,000 positions), and manufactures (31,000 positions).
US Non-Farm Payrolls