Unemployment Rate

U.S. gains a healthy 235,000 jobs in February; unemployment rate falls to 4.7%

U.S. gains a healthy 235,000 jobs in February; unemployment rate falls to 4.7%

Warm weather and rising business optimism helped the U.S. economy to create another burst of job growth last month, giving President Trump an early confidence boost and all but assuring that the Federal Reserve will nudge up interest rates next week.

Employers added 235,000 jobs in February, about as many as in January and well above analysts’ expectations and the average monthly payroll growth for all of last year, the Labor Department said Friday,

The unemployment rate dipped back down to 4.7%, just a notch above its decade low. The labor force expanded as more people were pulled into the job market. And there were fresh indications that worker earnings are increasing at a...

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