Total nonfarm payroll employment rose by 275,000 in February, and the unemployment rate increased to 3.9 percent, the U.S. Bureau of Labor Statistics reported today.

BLS

Private sector hiring for January was revised down to 177,000 jobs versus an initially reported 317,000.

Private sector hiring rose 226,000 in February (the 3-month average is 205,000).

The unemployment rate ticked up to 3.9% in February from 3.7% in January. pic.twitter.com/Ah84riLmDB

— Nick Timiraos (@NickTimiraos) March 8, 2024