Employers last month added 275,000 jobs, a higher-than-expected increase that veiled a cooling in wage gains and the overall labor market. Average hourly earnings last month increased only 0.1% compared with a 0.5% monthly gain in January.
Also, the unemployment rate rose to 3.9% and the Labor Department revised down the number of payroll gains in January to 229,000 from the earlier reported figure of 353,000. READ MORE