US Adds 303,000 New Jobs in February as Unemployment Rate Remains Below 4 Percent

The labor market remains solid, proving to be a challenge for the Federal Reserve.
US Adds 303,000 New Jobs in February as Unemployment Rate Remains Below 4 Percent
A hiring sign at a grocery store in Ellicott City, Md., on March 24, 2024. Madalina Vasiliu/The Epoch Times
Andrew Moran
Updated:
The U.S. economy added a higher-than-expected 303,000 new jobs in March, while the unemployment rate was still below 4 percent, according to the Bureau of Labor Statistics (BLS). The labor market continues to remain resilient in a climate of high-interest rates and above-trend inflation.

February job gains were revised down by 5,000 to 270,000. The January numbers were adjusted higher by 27,000, but the downward revisions still totaled 97,000.

Andrew Moran
Andrew Moran
Author
Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."