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.

A hiring sign at a grocery store in Ellicott City, Md., on March 24, 2024. Madalina Vasiliu/The Epoch Times

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.