The report issued by the US Bureau of Labor Statistics a few moments ago showed that 151,000 jobs were added in February compared to 125,000 jobs added in January’s revised reading, falling short of market expectations of 160,000 jobs added.
On the other hand, unemployment rates rose by about 0.1% to 4.1%, while expectations indicated that they would stabilize at the January reading at 4.0%, coinciding with a decline in labor force participation rates to 62.4% from 62.6% in January.
The hourly wage rate fell in February to 0.3% at a monthly pace, while it fell to 4% on an annual basis compared to 4.1% in January, falling short of expectations.
n the details of the sectors, the goods production sector added about 34,000 jobs, while the construction sector added 19,000 jobs, and the manufacturing sector added about 10,000 jobs, while the services sector added about 106,000 jobs.