U.S. economy adds 242,000 jobs in February

11:08 | 14/03/2016 Global Economy

American workers are still the bright spot in the nation's economy.

U.S. economy adds 242,000 jobs in February

A clothing store shows employment advertisement in Boston, Massachusetts state, the US - Photo: VOA

The United States added a healthy 242,000 jobs in February, far better than its gains of 172,000 in January. Economists surveyed by CNNMoney had predicted a gain of 190,000 jobs in February.

Unemployment stayed at 4.9% last month, the lowest mark since February 2008. It's at a level many experts consider to be "full employment."

"There's still good reason to be optimistic about the U.S. economy," says Andrew Chamberlain, chief economist at Glassdoor.

The job market's momentum is cooling concerns from earlier this year that the U.S. economy would fall into recession in 2016. February's gains are the latest sign of good news: retail sales were solid in January and growth appears to be picking up./.

 

Source: money.cnn.com

Theo ven.vn