The U.S. economy added 275,000 jobs in February, a sign of continued strength for the jobs market, benefiting workers despite higher interest rates. The unemployment rate rose from 3.7 percent in January to 3.9 percent, according to the Labor Department’s jobs report released Friday, extending the longest stretch of unemployment below 4 percent in decades. President Biden hailed the strong jobs numbers as a political victory.
The U.S. economy added 275,000 jobs in February, extending the longest stretch of unemployment below 4 percent in decades. The unemployment rate rose to 3.9 percent. Economists consider it an exceptionally strong recovery.
President Biden hailed the strong jobs numbers as a political victory.
U.S. Economy Jobs Unemployment Rate Interest Rates Labor Department Recovery President Biden
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