Labor Dept Reports 678,000 New Jobs For February

CNBC reports:

Job growth accelerated in February, posting its biggest monthly gain since July as the employment picture got closer to its pre-pandemic self.

Nonfarm payrolls for the month grew by 678,000 and the unemployment rate was 3.8%, the Labor Department’s Bureau of Labor Statistics reported Friday.

In a sign that inflation could be cooling, wages barely rose for the month, up just 1 cent an hour or 0.03%, compared to estimates for a 0.5% gain.

Read the full article.

BREAKING: Job growth soared in February as #BidenBoom continues.

➡️ 678,000 jobs created vs. estimates of 440,000

➡️ Unemployment rate drops to 3.8%#ThanksBiden #BidenHarris https://t.co/dcLbHDCBj4

— The Daily Edge (@TheDailyEdge) March 4, 2022

YUGE February jobs report from BLS:
• 678,000 jobs added
• Unemployment falls to 3.8% (“all the way back down to just about where we were before the pandemic began” —@ChristineRomans)
• Strong gains across all sectors
• Dec/Jan job revisions upward by 90K+ pic.twitter.com/S4axdecrmm

— The Recount (@therecount) March 4, 2022

Breaking News: Hiring in the U.S. sped up in February, with employers adding 678,000 jobs, as falling Covid cases brought customers and workers back. https://t.co/dgGKj7UZM4

— The New York Times (@nytimes) March 4, 2022

America added 678,000 jobs in February, exceeding economist expectations. Unemployment fell to 3.8%, a new pandemic-era low. https://t.co/Qqw45ilBeJ

— CNN Breaking News (@cnnbrk) March 4, 2022