Job growth came to a near halt in February after a blistering start to the year, with nonfarm payrolls increasing by just 20,000 even as the unemployment fell to 3.8 percent.
div > div.group > p:first-child"> It was the worst month for job creation since September 2017, offset somewhat by a solid increase in wages.
A more encompassing unemployment rate that counts discouraged workers as well as those holding jobs part-time for economic reasons, often called the"real" unemployment rate, plunged to 7.3 percent in February from 8.1 percent in January. Those employed part-time for economic reasons tumbled by 837,000 to 4.3 million while those completing temporary jobs fell by 225,000, which a Labor Department office said was a consequence of the government shutdown that ended in late February.
Professional and business services saw the highest level of job creation, with 42,000 new positions. Health care added 21,000 and wholesale trade rose 11,000. The job numbers came amid questions about growth in 2019 following a year where GDP accelerated at close to a 3 percent pace.
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