BREAKING NEWS: New Affordable Housing Could Be Coming to Medford Full Story

Department of Labor Releases February Jobs Report

US employers went on a hiring binge last month, adding 313,000 jobs, the most since July 2016, and drawing hundreds of thousands of people into the job market.

Posted: Mar. 9, 2018 7:16 AM

WASHINGTON (AP) - US employers went on a hiring binge last month, adding 313,000 jobs, the most since July 2016, and drawing hundreds of thousands of people into the job market.

The Labor Department says wage gains, meanwhile, fell from the previous month to 2.6 percent year-over-year growth. Strong hourly wage growth had spooked markets in February because it raised the specter of inflation. But January's figure was revised one-tenth of a point lower to 2.8 percent.

The influx of new workers kept the unemployment rate unchanged at 4.1 percent.

The surge of job gains likely reflects burgeoning confidence among businesses that the Trump administration's tax cuts will accelerate growth. Consumers are also optimistic, likely because after-tax income grew at the fastest pace in a year last month, aided by the tax cuts.

Article Comments

Medford
Clear
66° wxIcon
Hi: 77° Lo: 44°
Feels Like: 66°
Brookings
Clear
59° wxIcon
Hi: 74° Lo: 48°
Feels Like: 59°
Crater Lake
Clear
50° wxIcon
Hi: 65° Lo: 35°
Feels Like: 50°
Grants Pass
Overcast
64° wxIcon
Hi: 74° Lo: 49°
Feels Like: 64°
Klamath Falls
Clear
50° wxIcon
Hi: 70° Lo: 31°
Feels Like: 50°
Warmer Weather to End the Workweek
KDRV Radar
KDRV Fire Danger
KDRV Weather Cam

Community Events