678k New Jobs in Feb.
"The U.S. economy created a blockbuster 678,000 jobs in February, adding momentum to a robust recovery that is rapidly returning the labor market to its pre-pandemic boom.
As the omicron variant of the novel coronavirus receded, the unemployment rate fell to a new pandemic low of 3.8 percent last month, from 4 percent in January, the Labor Department said Friday. Average hourly wages for private-sector workers, meanwhile, held steady, climbing by a mere 1 cent. Annual wages have risen 5.1 percent, although they have not kept up with inflation. The rosy picture caps off a string of 10 straight months of strong growth with the economy picking up a record 7 million jobs over the past year and setting the stage for a full recovery by this summer, a little more than two years after the pandemic plunged the country into recession.?" WP https://www.washingtonpost.com/busin...ployment-2022/ Thanks Brandon. |
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Uh-huh. Sure, Donny. :rolleyes: |
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