U.S. employers added 678,000 new jobs in February, in keeping with the newest employment report from the Bureau of Labor Statistics. Economists had anticipated good points of 400,000 new jobs final month, in keeping with a Reuters survey.
The unemployment charge fell to three.8% from 4% in January, and the variety of unemployed fell barely to six.3 million. In February 2020, earlier than the COVID-19 pandemic, the unemployment charge was 3.5% and the variety of unemployed was 5.7 million.
Moreover, 13.0% of employed individuals teleworked final month, largely as a result of coronavirus pandemic, in comparison with 15.4% in January.