US jobs report ‘all over the place’ as unemployment ticks up

The US economy presented a muddled picture in February, as the economy added 275,000 jobs, above expectations of 200,000, while the country’s unemployment rate increased by 0.2 percentage points to 3.9 per cent. Wage inflation came in at 4.3 per cent on a yearly basis, below market expectations and January’s figure of 4.4 per cent. [...]