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
Overcast
61° wxIcon
Hi: 68° Lo: 51°
Feels Like: 61°
Brookings
Scattered Clouds
52° wxIcon
Hi: 61° Lo: 49°
Feels Like: 52°
Crater Lake
Broken Clouds
49° wxIcon
Hi: 59° Lo: 43°
Feels Like: 46°
Grants Pass
Overcast
59° wxIcon
Hi: 68° Lo: 49°
Feels Like: 59°
Klamath Falls
Broken Clouds
49° wxIcon
Hi: 58° Lo: 42°
Feels Like: 46°
Warmer Memorial Day
KDRV Radar
KDRV Fire Danger
KDRV Weather Cam

Community Events

Latest Video

Image

Southern Oregon preps for decorated Oklahoma City

Image

Sunday, May 26th Evening Weather

Image

18 year old graduates college

Image

Sunday, May 26th Morning Weather

Image

Oregon Tech Eliminated at NAIA Softball World Series

Image

Upset Alert: SOU takes down top-ranked, defending champion Science & Arts

Image

Saturday, May 25 evening weather

Image

Bike Thefts Rise

Image

Martins Food Center Internet Speed

Image

Oregon Tech survives, breaks out to eliminate Valley City State