February Jobs Report Shows Another Strong Gain
Here’s what you need to know:
February’s jobs report shows a gain of 678,000.
Men, and especially Black men, jumped back into the job search in February.
Workers still struggle to find enough hours.
Slower pay gains may give the Fed a bit more room to cool the economy gently.
Renewed spending on services lifts jobs in leisure and hospitality.
Growth in the prime-age work force may mean labor shortages are easing.
Stocks slide as concern about the war in Ukraine trumps the strong jobs report.
http://www.nytimes.com/live/2022/03/04/business/jobs-report-february-2022
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