Ukraine news overshadows February job gains in US

04 March 2022

 

Summary:  Non-farm payrolls increase by 678,000 in February; noticeably greater than expected figure; previous two months’ figures revised up by 92,000; jobless rate down to 3.8%, participation rate up; data takes back seat to developments in Ukraine; figures support case rate rise at upcoming FOMC meeting; jobs-to-population ratio increases; underutilisation rate ticks up to 7.2%; annual hourly pay growth slows to 5.1%. The US economy ceased producing jobs in net...

read full story