US Payrolls Grow 151,000, Unemployment Rate Ticks up to 4.1 Percent
Health care, financial activities, transportation, and warehousing, and social assistance led the job gains in February.
Labor market conditions remained resilient in February despite economic headwinds that have blown into the United States.
The U.S. economy created 151,000 new jobs in February, up from the downwardly revised 125,000 in January, according to the Bureau of Labor Statistics (BLS).
The unemployment rate rose to 4.1 percent, slightly higher than the consensus forecast of 4 percent.
According to FactSet Insight, the median estimates prior to the February jobs report were 160,000 new jobs and a 4 percent unemployment rate.
Economists did not expect the Department of Government Efficiency-related actions to appear in the latest jobs numbers because of the timing of the planned federal cuts and the twin establishment and household measures the BLS uses.
