US economy added 151,000 jobs in February, below expectations
The U.S. economy added 151,000 jobs in February as the labor market was cooler than expected ahead of the Federal Reserve's next monetary policy meeting later this month.
The U.S. economy added jobs at a slower pace than expected in February, giving the Federal Reserve more labor market data to consider as it prepares to meet later this month.
The Labor Department on Friday reported that employers added 151,000 jobs in February, below the estimate of 160,000 jobs made by LSEG economists.
The unemployment rate was 4.1%, slightly higher than economists' expectations it would remain at 4%.
This is a developing story. Please check back for updates.
What's Your Reaction?
