U.S. employers added 275,000 jobs in February and the unemployment rate ticked higher, the Labor Department reported on Friday.
Economists surveyed by LSEG expected a gain of 200,000 jobs and the unemployment rate to hold steady at 3.7%.
Growth was driven by the hiring of health care and government employees, along with food services. On the flip side, the manufacturing sector cut 4,000 positions.
Average hourly earnings, a key measure of inflation, increased 0.1% for the month and climbed 4.3% from the same time one year ago. Strong job growth combined with rising wages is fueling inflation, according to some economists.... Read More: FOX Business