The nation's employers added a hefty 311,000 jobs last month, the government reported Friday, easily surpassing the 208,000 gain that forecasters had expected.
, the government reported Friday, easily surpassing the 208,000 gain that forecasters had expected.
“The labor market remains incredibly tight and given the recent strength in hiring activity, we are unlikely to see much more slowing in the months ahead,’’ said Thomas Feltmate, senior economist at TD Economics. Caught short of workers when the economy started to bounce back, many companies are reluctant to let them go now, even in the face of higher borrowing costs and anxiety about whether the economy might be headed for a recession. An increase in business startups has also helped drive up payrolls.posted 10.8 million job openings in January
Rising wages tend to fan inflationary pressures through a self-perpetuating cycle that triggers higher prices, which can lead to still-higher wages. But the jobless rate edged higher in February for an encouraging reason: More Americans started looking for work, and some of them didn’t find it right away. As a result, these new job seekers were counted as unemployed. The Labor Department’s unemployment rate includes only people who are actively seeking a job.
The share of prime-age Americans — 25 to 54 years old — in the labor force rose to 83.1%, the first time in three years that it’s cracked the pre-pandemic level of 83% in February 2020.Leisure and hospitality companies added a substantial 105,000 jobs last month. In particular, restaurants and bars added nearly 70,000. Payrolls at those businesses are nearing their pre-pandemic levels.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
UK: Plug-In Car Sales Continued To Increase In February 2023SMMT reports that 17,033 new plug-in cars were registered in the UK last month (13% more than a year ago), which represents about 22.9% of the total volume.
Leer más »
Arrest made in fatal February shooting at Burien gas stationAn arrest has been made in the fatal February shooting of a man at a Burien gas station, according to the King County Sheriff's Office.
Leer más »
February is expected to have been a strong month for hiring and wage growthEconomists expect hiring stayed strong in February and that wages grew even faster than they did in January.
Leer más »
15 Things Our Community Couldn't Stop Buying in FebruaryFrom a flameless table lamp to a personal blender, here are our Shop's best sellers.
Leer más »
India's February fuel demand hits at least 24 year highIndia's fuel demand hit its highest level in at least 24 years in February, data showed on Thursday, with industrial activity in Asia's third biggest economy boosted by cheap Russian oil.
Leer más »