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The US economy added 313,000 jobs in February, many more than economists had expected, according to a report from the Bureau of Labor statistics released Friday. Wage growth slowed down.
The unemployment rate remained unchanged at 4.1%, the lowest in 18 years.
Economists - Economy - Nonfarm - Payrolls - Month
Economists had estimate the economy gained 205,000 nonfarm payrolls last month and the unemployment rate fell to 4%, the lowest since July 2000, according to Bloomberg. A broader measure that includes people who work part-time but want full-time jobs remains higher, near 8%.
The focus of this report was wage growth. Average hourly earnings increased by 0.1% month-on-month, and 2.6% year-on-year.
January - Earnings - Pace
In January, average hourly earnings increased at a year-on-year pace...
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