US: Payrolls Surge in February, Unemployed Rate Narrows in on Pre-pandemic Low

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US: Payrolls Surge in February, Unemployed Rate Narrows in on Pre-pandemic Low

The U.S. economy gained an impressive 678k jobs in February, on top of an upward revision to the prior two months totaling +92k. Payrolls are still 1.4% below their pre-pandemic level, or about 2.1 million jobs. The unemployment rate fell to 3.8% — a new post-pandemic low. All major industries saw job growth in February. […]

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