BUSINESS, Commerce

U.S. Job Market Holds Strong

Although the annual wage growth remains tepid, job employment continues to show a positive trend in the U.S. economy.

The February jobs report showed that U.S. employers added 313,000 over the past month, much more than predicted.

Notwithstanding, the unemployment rate remained at 4.1%, while the annual earnings growth rate slowed to 2.6% last month.

January’s annual wage growth rate – which had triggered fears over inflationary pressures – was also revised down from 2.9% to 2.8%.

Readers Bureau, contributor

Edited by Jesus Chan

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