
The U.S. unemployment rate slipped to 8.9% in February, the lowest rate in nearly two years. WSJ's Sudeep Reddy and Phil Izzo report the private sector added 222,000 jobs. Also, January's employment figures were revised upward to 63,000 jobs added.
Employers rebounded from a harsh winter to add 192,000 jobs to nonfarm payrolls in February as the unemployment rate fell one notch to 8.9%, the lowest level since April 2009, the Labor Department reported Friday. Broad-based private-sector gains in manufacturing and service industries more than offset accelerating layoffs by state and local governments, while stable wages suggested subdued inflation pressures.
At the same time, though, one key gauge of the labor market's health—the labor force participation rate, which measures the percentage of adults who have jobs or are seeking them—remained stuck at its lowest point since the mid-1980s.
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