By webadmin@aflcio.org (Monika Greenhow)
The U.S. economy added 235,000 jobs in February and unemployment was little changed at 4.7%, according to figures released this morning by the U.S. Bureau of Labor Statistics. Wages were up 2.8% from last February, but that growth is modest for this point in a recovery. This continues the recovery of the labor market at a tempered rate, which means the Federal Reserve’s Open Market Committee should continue to let the economy grow at this rate and not raise interest rates.
Source: AFL-CIO
