The February employment report was revealed: about 680,000 jobs were added to the economy, the unemployment rate fell
According to the Department of Labor report, this is the largest addition to the U.S. economy in a single month since last summer. In fact, since the beginning of this year, more than 1.1 million new jobs have been added.
Nearly 700,000 new jobs were added to the U.S. economy during February – the largest amount in a single month since last summer. This is according to the employment report published this morning (Friday) by the Ministry of Labor in Washington.
Illustration (Photo: Getty Images)
According to the report, 678,000 jobs were added to the economy last month, and the unemployment rate fell by two tenths of a percent, from 4.0% to 3.8%. By comparison, leading economists in the United States expected an addition of only about 440,000 jobs.
In January, about 467,000 new jobs were added to the American economy, so that since the beginning of the year, more than 1.14 million new jobs have been added.
However, the United States needs an additional 2.1 million new jobs in order to equal the number of jobs in the economy in February 2020 – on the eve of the corona crisis.
Similar to January, this time too the leisure and hospitality industry (hotels and the like) led with an impressive addition of 179,000 jobs. The construction industry (60,000 new jobs) also continues to recover from the corona crisis.
In February, the unemployment rate was 3.8% and we added 678,000 jobs. There is broad growth in the economy, with 1.2 million jobs added in 2022. https://t.co/YhLEuaacSN pic.twitter.com/GUCoadrw2d
— U.S. Department of Labor (@USDOL) March 4, 2022
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