Hiring in the U.S picked up in February, with 175,000 jobs added to the workforce, the Labor Department said Friday in a development that could encourage the Federal Reserve to pull back on its monetary stimulus.
This follows January’s surprisingly weak increase of 113,000 jobs and December’s tepid increase of just 75,000. Investors on Wall Street cheered the monthly report, with stockfutures shooting up on the news. Economists now hope job growth will return to pre-December levels, when the U.S. economy was consistently adding more then 200,000 jobs each month.
Job growth in the professional and business services industries was particularly pronounced, with those sectors adding 79,000 jobs in February.
(Photo: Tim Boyle/Bloomberg/Getty Images)
Really. Thats the photo for this headline?
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