US Jobs report: Increased employment, Economic growth stable
US Jobs report: Increased employment, Economic growth stable
Wall Street focus on potential rate cuts
U.S. February Nonfarm Payrolls: 275,000 ... up 200,000 for the third consecutive month
U.S. February unemployment rate: 3.9% ... has remained below 4% since January 2022
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| US jobs report |
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| Unemployment: FRED |
unemployment rate increased +0.2 percentage points from the previous month (3.7%, January) to 3.9%.
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| All employees, Total nonfarm: FRED |
Nonfarm payrolls increased slightly from the previous month (229K, January) to 275K.
Along with solid employment, the eye is on the possibility of unemployment exceeding 4%. Since January 2022, the unemployment rate has been below 4% and inflation has been high. Could this change now?
Wall Street still sees June as the time for the Fed to cut rates.
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