US Job Gains Slow Amid Rising Unemployment Rate
The February jobs report revealed few surprises for investors, with 151,000 new jobs created despite expectations of 160,000. The unemployment rate rose to 4.1%, up from 3.9% in January. Federal government employment declined by 10,000 in February, while the labor force participation rate fell to 62.4%. Wage growth, an important measure for gauging inflation pressures, … Read more