The February jobs report released Friday showed the U.S. labor market continues to outperform expectations, with more than 300,000 jobs created last month amid stubborn inflation and aggressive rate increases from the Federal Reserve.
The U.S. economy added 311,000 jobs in February, more than expected, while the unemployment rate ticked higher to 3.6%. Economists had expected to see 225,000 jobs added to the economy last month with the unemployment rate holding steady at 3.4%, according to data from Bloomberg. Source: Yahoo Finance
Looking ahead, the consumer price index for February will be released on Tuesday, followed a day later by a report on retail sales figures for February. On Thursday, the February report on housing starts will be released, and on Friday the U.S. leading economic index for February will be released. Source: Market Watch.
