U.S. private sector employers added more jobs than expected last month in a sign of steady improvement in the labor market, ahead of the closely watched non-farm payrolls from the U.S. Labor Department on Friday.
WASHINGTON — U.S. job growth rose more than expected in February, which could ease fears of an abrupt slowdown in economic growth and keep the Federal Reserve on track in reducing its monetary stimulus.
Employers added 175,000 jobs to their payrolls last month after creating 129,000 new positions in December, the Labor Department said on Friday. The unemployment rate, however, rose to 6.7% from a five-year low of 6.6%.
Economists polled by Reuters had expected nonfarm payrolls to rise 149,000 and the unemployment rate to hold steady at 6.6%.
WASHINGTON — U.S. employers maintained a solid pace of hiring for a second straight month in March, further evidence the economy was shifting into higher gear after being held back by a brutally cold winter.
Nonfarm payrolls increased by 192,000 new jobs last month after rising 197,000 in February, the Labor Department said on Friday. The unemployment rate was unchanged at 6.7%, as Americans flooded the labor market.
Economists polled by Reuters had expected employment to increase 200,000 last month and the unemployment rate to fall one-tenth of a percentage point.