February’s job report paints a picture of resilience in the U.S. labor market, with nonfarm payrolls surging past expectations by adding 275,000 jobs. Despite a slight uptick in the unemployment rate to 3.9%, the figures outpaced economists’ projections. The report also revealed a steady labor force participation rate of 62.5%. However, average hourly earnings saw a modest increase, slightly below expectations, and a deceleration from last year’s figures. While the data suggests a robust job market, the nuanced picture underscores the ongoing challenges of wage growth and inflationary pressures in the economy.
Markets Split as Pfizer Slumps, Circle Soars on Visa Partnership
Earnings guidance, analyst calls, and commodity moves drive sharp stock reactions U.S. stocks delivered a mixed performance Tuesday as investors...
