Job creation boomed in February by 295,000 despite the brutal winter conditions, and the unemployment rate dropped to 5.5 percent, the Labor Department said Friday.
Despite the strong month, the picture was essentially the same for the American worker: Pay rose just 3 cents an hour, representing a 2.0 percent annualized gain as wage inflation remained elusive after a big jump in January. The average work week was unchanged at 34.6 hours. Continue reading “Surge! Job creation jumps despite tough winter”

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