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U.S. job growth slows dramatically

U.S. job growth slows dramatically

The United States added just 20,000 jobs in February, way below expectations of a 180,000 gain, and a sign that the job market might be beginning to cool. The unemployment rate fell slightly to 3.8 percent, the Labor Department reported Friday (Mar 8).

The U.S. economy created the lowest number of jobs for a year-and-a-half in February, well below forecasts. Just 20,000 new jobs were created last month against expectations of a 180,000 increase, official figures show.

It is the lowest growth in non-farm payrolls since September 2017 when employment was affected by Hurricanes Harvey and Irma.

However, the small rise followed a sharp increase in new jobs in January, which was revised up to 311,000.

- Source: News websites