Economy adds 175,000 jobs in February

The US economy added 175,000 jobs in February according to the latest data from the Labor Department. The official unemployment rate ticked up to 6.7% from 6'6% in January. Fox: The U.S. economy added 175,000 jobs in February, more than anticipated despite brutal weather conditions across much of the U.S., with the unemployment rate ticking slightly higher. Economists had predicted 149,000 new jobs. The headline unemployment rate was 6.7% last month, up from 6.6% in January, a positive sign because it means more people entered the workforce. The December and January figures, both well-below expectations, were revised higher by a combined 25,000. Weather had been widely predicted to put a dent in the numbers ahead of the release of Friday’s data by the U.S. Labor Department. That was the case but it didn’t impact overall hiring as much as analysts had anticipated. “The weather was unseasonably cold in February, especially during the period...(Read Full Post)