Hiring in the United States was robust in February although unemployment crept up, government data showed Friday, a potentially encouraging sign for policymakers hoping to cool the economy without tipping it into a downturn. In another encouraging sign that the economy is cooling, wage growth edged down, from 0.5 percent in January to 0.
The US economy added 275,000 jobs in February, an unexpected pick-up after January's number was revised downwards. Photo: JOE RAEDLE / GETTY IMAGES NORTH AMERICA/Getty Images via AFP/Filedata showed Friday, a potentially encouraging sign for policymakers hoping to cool the economy without tipping it into a downturn.
The world's biggest economy added 275,000 jobs last month, in an unexpected pickup after January's figure was revised significantly lower, according to the latest Department of Labor data.Even though the revisions show less strength in job growth, Rubeela Farooqi of High Frequency Economics noted that the market"continues to create jobs at a fast rate."Although this is the highest since January 2022, it remains on the lower end when compared with levels over the past decade.
"The labor market should continue to cool this year while the unemployment rate should see a slight uptrend but remain relatively low," said EY chief economist Gregory Daco.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
EFF leader proposes hiring former Eskom executives to end load sheddingEFF leader Julius Malema suggests that an EFF-led government would end load shedding within six months by hiring former Eskom chief executives Brian Molefe and Matshela Koko. Malema calls on the government to approach Molefe for his help in saving the country from disastrous blackouts that are affecting businesses and citizens.
Read more »
The Importance of Skills-Based Hiring in the Tech IndustryCompanies are under pressure to attract the best tech talent, leading to a greater focus on skills-based hiring. Promotions within organizations are usually based on skills and experience rather than academic qualifications. Large multinationals are placing importance on skills when hiring employees.
Read more »
Amazon and Microsoft on South African hiring spreeHere are the most recent jobs on offer at Amazon, Google, and Microsoft in South Africa.
Read more »
Africa Live this week: 19-25 February 2024Updates from cross the African continent.
Read more »
![Scandal!: Wednesday’s episode, 21 February 2024 [VIDEO]](https://i.headtopics.com/images/2024/2/22/thesanews/scandal-wednesday-s-episode-21-february-2024-video-scandal-wednesday-s-episode-21-february-2024-video-9A069E7CF1BE2C425CD38E02DCD8977E.webp?w=640)
Scandal!: Wednesday’s episode, 21 February 2024 [VIDEO]Stay up to date with the latest episodes of your favourite South African soapie on The South African website.
Read more »
South Africa: Today’s latest news and headlines, Tuesday, 20 February 2024In the latest news in South Africa on Tuesday, 20 February 2024, here is when you can collect your SASSA grants for MARCH.
Read more »