US Economy Adds 311,000 New Jobs: BLS Report

A man walks past a "now hiring" sign posted outside of a restaurant in Arlington, Va., on June 3, 2022. Olivier Douliery/AFP via Getty Images

The U.S. economy added 311,000 new jobs in February, down from 504,000 in January, according to the Bureau of Labor Statistics (BLS). Economists had projected 205,000 new positions last month.

The unemployment rate climbed to 3.6 percent, up from 3.4 percent, and matched market expectations. The labor force participation rate edged up to 62.5 percent.