The economy added 175,000 net new jobs last month, a surprisingly robust figure given the bad winter weather, the Labor Department said Friday.
Despite the increase -- the largest in three months -- the unemployment rate ticked up 0.1 percentage points to 6.7% after hitting a more than five-year low in January. - Full Article
The number of Americans filing new claims for jobless benefits hit a three-month low last week, suggesting some strength in a labour market that has been hobbled by severe weather.
Other data on Thursday showed a second straight monthly decline in factory orders in January, likely because unusually cold and snowy weather disrupted activity. Initial claims for state unemployment benefits tumbled 26,000 to a seasonally adjusted 323,000... - Full Article