678k New Jobs in Feb.

[bobabode]

"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.