The unemployment rate rose to 3.6%, from a 53-year low of 3.4%, as more Americans began searching for work but not all of them found jobs.
but enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation.
Economists pointed to other data in Friday’s report that suggested that the job market, while still hot, may be better balancing employers’ need for workers and the supply of unemployed people. More people have been coming off the sidelines to seek work, a trend that makes it easier for businesses to fill the
Ahead of the February jobs data, many economists had said they thought the Fed would announce a substantial half-point increase in its key short-term interest rate, rather than a quarter point hike as it did at its meeting in February. Friday’s more moderate hiring and wage figures, though, led some analysts to suggest that the central bank may not need to move so aggressively at this month’s meeting.
“I’ll average approximately 28 hours a week, and that’s not enough,” Colbert said. “Just in the past two years, my rent has gone up $400, so that’s a lot.” Much of that job growth reflects continuing demand from Americans who have been increasingly venturing out to shop, eat out, travel and attend entertainment events — activities that were largely restricted during the height of COVID.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The 20 Oddest Requests New Yorkers Have Made to 311 Over the Years“Can I claim my dog as a dependent on my taxes?” Some New Yorkers have used the city’s 311 service to lodge unusual complaints and questions.
Read more »
'Raccoon is eating lasagna': NY reveals bizarre enquiries on 311New York city's first-ever 311 non-emergency call in 2003 was for a noise complaint but the hotline has since then received obscure enquiries that operators struggled to answer in its 20-year operation, officials say.
Read more »
City of San Antonio prepares to launch new feature in 311 customer service appThe City of San Antonio celebrated its non-emergency information call center with “311 Day” on Saturday.
Read more »
Will the city's new 311 info-line voice sound San Antonian? Listen for yourself.San Antonio is hoping the new 311 virtual assistant reflects the largely Hispanic community it serves.
Read more »
Another US hiring surge: 311,000 jobs despite Fed rate hikesU.S. employers added a robust 311,000 jobs in February in sign of a still-strong labor market despite Federal Reserve rate hikes.
Read more »