BREAKING NEWS: Job Growth Remains Strong in February

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U.S. employers added 275,000 new jobs in February, continuing the country's historic labor market expansion, according to the latest employment report from the U.S. Bureau of Labor Statistics. Job gains were robust in many industries, including health care, government and hospitality.

The unemployment rate rose to 3.9 percent. Unemployment ranged from 3.4 percent to 3.8 percent during 2023 and has stayed under 4 percent for the last 25 months. Average hourly earnings rose 0.1 percent on the month and were up 4.3 percent from a year ago.

The labor market is expected to cool further this year compared with 2023—when monthly gains averaged over 254,000 jobs—and the roaring pandemic recovery years of 2022 and 2021.

In his State of the Union address last night, President Joe Biden addressed labor shortages, supporting skills-based hiring and bipartisan bills like the Stronger Workforce for America Act.

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