Strong US Job Growth In February, But Hours Drop, And Wage Growth Slows – Analysis

The February employment report gave a very mixed picture of the labor market. The job growth was again surprisingly strong, with the establishment survey showing a gain of 311,000 jobs. However, the index of aggregate hours actually fell by 0.1 percent, as the length of the average workweek fell back by 0.1 hour. Wage growth also...