The nation is seeing some big job gains. Federal officials revealed 678-thousand jobs were added in February.
“Our nation’s recovery continues to shatter expectations, and today’s impressive jobs report is a resounding signal that our labor market is resilient. Positive revisions to recent months further demonstrate that hiring remained strong during pandemic waves, reinforcing my repeated assertion that when Americans feel safe, they are at work. We are on track to return to pre-pandemic levels of employment in mere months—an outstanding rate of recovery spurred by the American Rescue Plan.
The unemployment rate fell to three-point-eight percent.
There's one bit of disappointing news in an otherwise stellar February jobs report. Average hourly earnings only rose by one cent last month. The Bureau of Labor Statistics says that figure now stands at 31-dollars and 58-cents. Despite that, average hourly earnings have jumped by just over five-percent in the last 12 months.
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