US hiring surge last month pulls in flood of new workers
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March 9, 2018
WASHINGTON (AP) — U.S. employers went on a hiring binge in February, adding 313,000 jobs, amid rising business confidence lifted by the Trump administration's tax cuts and a resilient global economy.
The surprisingly robust hiring, reported by the Labor Department on Friday, was the strongest in 1½ years.
It was accompanied by the biggest surge in 15 years in the number of people either working or looking for work. That kept the nation's unemployment rate unchanged for a fifth straight month at 4.1 percent.
At the same time, average wage growth slowed to 2.6 percent in February from a ye...
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