ACCELERATING JOB GAINS AFFIRM RATE HIKE, RECOVERY
After seemingly bucking the effects of the Omicron variant and adding more jobs than expected last month, the U.S. labor market continued to show strong growth, adding another 678,000 jobs in February, according to the Bureau of Labor Statistics, with unemployment edging down amid a broad economic recovery.
Approaching the historically low levels of the pre-pandemic, the unemployment rate sat at 3.8%, last month compared to 3.5% exactly two years ago right before Covid devastated the economy.
These numbers likely do not reflect any potential volatility created by the invasion of Ukraine…Read more
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