US adds 311,000 jobs in Feb

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US adds 311,000 jobs in Feb

March 11, 2023
Updated: 01:55 pm

Washington, March 11 : The US added 311,000 jobs in February, the Labor Department said. The jobless rate climbed to 3.6 per cent from last month's 3.4 per cent, Xinhua news agency quoted the Department as saying. The increase is likely to cause the Federal Reserve to continue in the most aggressive rate hike cycle in decades, experts said. Earlier this week, Fed Chair Jerome Powell told lawmakers that the central bank would increase rate hikes if inflation and a strong job market continue. /IANS

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