U.S. Jobs, Pay Show Solid Gains in Trump's First Full Month
- Payrolls gain 235,000, driven by construction, manufacturing
- Average hourly earnings increased 2.8% from year earlier
U.S. Adds 235,000 Jobs in Feb., Jobless Rate at 4.7%
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U.S. employers added jobs at an above-average pace for a second month on outsized gains in construction and manufacturing while wage growth picked up, as the labor market continued its steady improvement in the new year.
The 235,000 increase followed a 238,000 rise in January that was more than previously estimated, the best back-to-back rise since July, a Labor Department report showed Friday in Washington. The unemployment rate fell to 4.7 percent, and wages grew 2.8 percent from February 2016.