U.S. employers added 275,000 jobs in February and the unemployment rate ticked higher, the Labor Department reported Friday. Economists surveyed by LSEG expected a gain of 200,000 jobs and the unemployment rate to hold steady at 3.7%. Earlier this week, Fed Chairman Jerome Powell reiterated policymakers' stance to bring down inflation in order to cut rates. As an example, the average percentage rate (APR) for credit cards is 24.61%, as tracked by Lending Tree. Original article source: US economy adds 275,000 jobs in February, unemployment rate ticks higher

Source: ABC News March 08, 2024 16:52 UTC