The US economy added 313,000 jobs in February. That was much stronger than economists expected and the biggest gain since July 2016, according to Labor Department figures published Friday.
“The headline number is pretty outstanding,” says Cathy Barrera, chief economist at ZipRecruiter, a job recruitment site.
The unemployment rate stayed at 4.1%, the lowest in 17 years.
Wages grew 2.6% compared with a year earlier, a few notches below the pace in January. That delighted investors: The Dow opened up 150 points.