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March 10, | March 10, 2023. February jobs report indicates the US economy remains strong. The US economy added 311,000 jobs in February, above the 225,000 Dow Jones estimate. On the other hand, the unemployment rate rose to 3.6%, above the 3.4% estimate. Similarly, average hourly earnings rose by 0.2% in February, below the 0.3% gain in January and also below the 0.4% estimate. Year-on-Year, average hourly earnings rose 4.6% versus 4.4% in January and 4.8% estimate. Labor force participation rate was 62.5% in the month versus 62.4% in January<ref>https://finance.yahoo.com/news/february-jobs-report-march-10-2023-124602371.html | ||
https://www.cnbc.com/2023/03/10/jobs-report-february-2023.html?__source=androidappshare</ref>. | https://www.cnbc.com/2023/03/10/jobs-report-february-2023.html?__source=androidappshare</ref>. | ||