Employees use a MIG welder to weld the seams of metal doors being constructed at the Metal Manufacturing Co. fabrication plant in Sacramento, California, on April 12, 2018. Photographer: David Paul Morris/Bloomberg
The U.S. jobless rate climbed to a two-year high in February even as hiring remained healthy, pointing to a cooler yet resilient labor market.
Nonfarm payrolls advanced 275,000 last month, following a combined 167,000 downward revision to the prior two months, a Bureau of Labor Statistics (BLS) report showed Friday. The unemployment rate rose to 3.9 percent, and wage gains slowed.
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