The US economy created jobs at a solid pace in February, likely ensuring the Federal Reserve will raise interest rates for longer, although wage inflation has shown signs of cooling.
Job openings outside the US agricultural sector totaled 311,000 jobs last month, the Labor Department report showed this Friday (10).
January data was revised downwards to show 504,000 job creations instead of the previously reported 517,000.
Economists polled by Reuters had forecast 205,000 job openings. They say the economy needs to create 100,000 jobs a month to keep up with growth in the working-age population.
Estimates for job creation in February ranged from 78,000 to 325,000.
Source: CNN Brasil
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