U.S. employers went on a hiring binge in February, adding 313,000 jobs, the most in any month since July 2016, and drawing hundreds of thousands of people into the job market.
At the same time, average
wages rose 2.6 percent over the past 12 months, a slowdown from
January's accelerated pace, which had spooked investors because it
raised fears of high inflation. Friday's jobs report from the government
revised down January's year-over-year wage gain by one-tenth of a point
to 2.8 percent.. . . more