Friday, March 9, 2018

Hiring surge added 313K jobs in February, most in 1½ years

Boston Herald

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