US hiring surge last month pulls in flood of new workers

buy canada goose jacket cheap FILE In this Monday, Feb. On Friday, March 9, the Labor Department reports its job and wages data for February. (AP Photo/Seth Wenig, File)…………….. employers went on a hiring binge in February, adding 313,000 jobs, amid rising business confidence lifted by the Trump administration tax cuts and a resilient global economy. That kept the nation unemployment rate unchanged for a fifth straight month at 4.1 percent. buy canada goose jacket cheap

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The hiring boom caught many economists off guard, because they expected a smaller though still healthy increase. Job gains typically slow as the unemployment rate falls, because companies run out of workers to hire.

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In fact, the proportion of adults in their prime working years defined as ages 25 to 54 buy canada goose jacket with jobs rose sharply to 79.3 percent, just a few tenths of a point below its pre recession level.

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canada goose Higher Canada Goose Parka paying, blue collar industries reported some of the biggest increases. Construction firms added 61,000 jobs, a Canada Goose Outlet figure that may have been inflated by relatively warm weather last month. Still, that is the biggest gain for construction since 2007. canada goose

Manufacturing companies added a solid 31,000 jobs. Retailers added 50,000, the most in two years, though that figure was probably inflated by the fact that canada goose store stores laid off fewer temporary workers after the holidays because they hired fewer than in previous years.

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