February jobs data: US unemployment rate rises to 2 year high

03/08/2024 22:07
February jobs data: US unemployment rate rises to 2 year high

The US Bureau of Labor Statistics revealed that 275,000 jobs were added to the US economy in February. In that time, the national unemployment rate moved higher to 3.9%, its highest level in over two years. Yahoo Finance Markets Reporter Josh Schafer explains Friday morning's report, illustrating what this unemployment figure could mean in a softening inflationary environment. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.

The US Bureau of Labor Statistics revealed that 275,000 jobs were added to the US economy in February. In that time, the national unemployment rate moved higher to 3.9%, its highest level in over two years.

Yahoo Finance Markets Reporter Josh Schafer explains Friday morning's report, illustrating what this unemployment figure could mean in a softening inflationary environment.

For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

Editor's note: This article was written by Luke Carberry Mogan.

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