U.S. stock futures jumped by triple digits on Friday after employers helped drive the best job growth since July 2016. U.S. employers added 313,000 jobs in February, far surpassing expectations for an increase of 200,000 jobs after January’s better-than-expected reading.

The unemployment rate remained at 4.1%, the lowest rate in more than 17 years, while the labor force participation rate increased to 63% from 62.7% during the month. Average hourly earnings meanwhile increased by four cents to $26.75. While wage growth rose by 2.6%, that is slightly slower than January's 2.9% increase.

Although unemployment fell to the lowest rate since December 2000, the U.S. economy still can't seem to reduce the number of unemployed Americans who have given up trying to find work.

The jobs numbers come on the heels of a report Wednesday from payroll processing firm ADP, which revealed that private employers added 235,000 jobs in February, up just slightly from 234,000 in January.

That better-than-expected number adds to concerns that...read more at FOX Business