US NFP employment rose 678k in Feb, but wage growth flat

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US NFP employment rose 678k in Feb, but wage growth flat

US non-farm payroll employment rose 678k in February, above expectation of 438k. Employment was still down -2.1m, or -1.4% from its pre-pandemic level in February 2020. Job growth was widespread over the month, led by gains in leisure and hospitality, professional and business services, health care, and construction. Unemployment rate dropped from 4.0% to 3.8%, […]

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Source: US NFP employment rose 678k in Feb, but wage growth flat