The US economy added 151,000 jobs last month and the unemployment rate rose to 4.1%
CNN
The February jobs report comes as the Trump administration continues large-scale layoffs of government workers.
• The US economy added 151,000 jobs last month, according to the latest jobs report, the first full monthly tally of the labor market under Donald Trump’s second presidential term. • Economists had forecast 160,000 jobs were added in February and that the unemployment rate held at 4%. • The report comes as the Trump administration continues its large-scale slashing of government jobs and back and forth over its trade policy, both of which are unsettling businesses and households and putting undue pressure on the economy. US stocks rose in afternoon trading, gaining steam to close out a rollercoaster week. The Dow rose 240 points, or 0.56%. The S&P 500 and the Nasdaq Composite each gained about 0.5%. The afternoon gains come at the tail-end of a brutal week for markets.
The Labor Department is set to release the February jobs report at 8:30 a.m. ET Friday. By and large, economists expect it will show another month of solid job gains.
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