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US economy adds fewer jobs than expected NHK

US job growth fell slightly short of expectations in February, while the unemployment rate edged up.



The Labor Department said on Friday that nonfarm payrolls rose by 151,000 from the previous month. Economists had forecast growth of around 160,000.



The unemployment rate stood at 4.1 percent, up one-tenth of a point.



Average hourly wages, a key indicator of inflation, grew 4 percent year-on-year and 0.3 percent from January.



Within government, federal employment declined by 10,000 in February. Analysts say this could be partially due to cuts in the federal workforce by the administration of President Donald Trump.



Bloomberg said February's data show "a mixed snapshot of a job market hanging in the balance of quickly changing government policy."



Concerns are rising that Trump's tariffs and other policies may dent the job market and cool the US economy.
Summary
U.S. employment growth increased by 151,000 in February, below the forecasted 160,000. Unemployment rate rose to 4.1%. Average hourly wages grew 4% year-on-year and 0.3% month-on-month. Federal employment declined by 10,000, possibly due to Trump administration cuts. Analysts view February's data
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ID: 06a31e57-1fe6-4301-90bd-76314d0ef176

Category ID: nhk

URL: https://www3.nhk.or.jp/nhkworld/en/news/20250308_05/

Date: March 8, 2025

Created: 2025/03/09 07:00

Updated: 2025/12/08 05:44

Last Read: 2025/03/09 07:54