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U.S. employers added a robust 678,000 jobs in February, another gain that underscored the economy’s solid health as the omicron wave fades and more Americans venture out to spend at restaurants, shops and hotels despite surging inflation.
The Labor Department’s report Friday also showed that the unemployment rate dropped from 4% to a low 3.8%, extending a sharp decline in joblessness as the economy has rebounded from the pandemic recession.
The reading shows job creation accelerating from January's pace. The January increase was revised to 481,000 new jobs from 467,000. December's figure was revised a second time to 588,000 payrolls from 510,000.
It won't mean a thing with rising prices. I'm very cynical.
You'll need two jobs just to break even.
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