U.S. Economy Added 311,000 Jobs in February

U.S. Economy Added 311,000 Jobs in February

The United States added 311,000 jobs in February, the U.S. Department of Labor announced on Friday. 

The unemployment rate rose to 3.6% from 3.4% as “layoffs tick up,” reported Axios.

Axios continued:

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A run of government data from the beginning of the year pointed to evidence that the economy had picked up steam, with a strong bout of hiring and re-emerging inflation pressures.

That's despite aggressive moves from the Federal Reserve to slow the economy down, in an effort to bring down inflation.

Economists were looking to the February payrolls release as one report that could confirm whether that data was an anomaly.