313,000 Jobs Added In February, Unemployment Steady At 4.1 Percent

313,000 Jobs Added In February, Unemployment Steady At 4.1 Percent

Business Young bearded worker in a hardhat and protective uniform working at the metal factory. Shutterstock/Zoriana Zaitseva 8:53 AM 03/09/2018 Pinterest Reddit LinkedIn WhatsApp Share TOP The U.S. nonfarm payroll employment increased by 313,000 jobs in February, the 89th straight month jobs have been added on to what is the longest streak of monthly job growth on record. The number of jobs added exploded passed estimates. Economists predicted job growth in February to come in around 200,000, according to CNN. The unemployment rate has remained unchanged since December at 4.1 percent, the lowest rate since 2000. Most of the growth took place in the industries of construction, retail trade, professional and business services, manufacturing, financial activities, and mining, according to the Department of Labor. Average hourly earnings grew 0.1% from January, hitting below economist projections of 0.2% and even lower than January’s 0.3% rise. However, wages are up 2.6% from a year earlier, The Wall Street Journal reported. Follow Tim Pearce on Twitter Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected]. [contf] [contfnew] The daily caller [contfnewc] [contfnewc]

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Young bearded worker in a hardhat and protective uniform working at the metal factory. Shutterstock/Zoriana Zaitseva Young bearded worker in a hardhat and protective uniform working at the metal factory. Shutterstock/Zoriana Zaitseva Photo of Tim Pearce

8:53 AM 03/09/2018

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The U.S. nonfarm payroll employment increased by 313,000 jobs in February, the 89th straight month jobs have been added on to what is the longest streak of monthly job growth on record.

The number of jobs added exploded passed estimates. Economists predicted job growth in February to come in around 200,000, according to CNN.

The unemployment rate has remained unchanged since December at 4.1 percent, the lowest rate since 2000. Most of the growth took place in the industries of construction, retail trade, professional and business services, manufacturing, financial activities, and mining, according to the Department of Labor.

Average hourly earnings grew 0.1% from January, hitting below economist projections of 0.2% and even lower than January’s 0.3% rise. However, wages are up 2.6% from a year earlier, The Wall Street Journal reported.

Follow Tim Pearce on Twitter

Content created by The Daily Caller News Foundation is available without charge to any eligible news publisher that can provide a large audience. For licensing opportunities of our original content, please contact [email protected].

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