Strong February jobs report led by construction boom

Federal Reserve even more likely to raise rates this month

By Kelsey Ramírez | HousingWire

February saw a strong increase in jobs, led by a gain in construction jobs, according to the latest report from the Bureau of Labor Statistics.

Total nonfarm payroll employment increased by 235,000 in February, while the unemployment rate remained unchanged at 4.7%.

This increase, while strong, is not quite the anticipated 298,000 that ADP reported Wednesday. However, it is up from January’s strong report, which added 227,000 jobs.

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