Overview

• The U.S. economy added 275,000 jobs in February, surpassing expectations and indicating a resilient labor market.
• Unemployment rate rose to 3.9%, the highest in over two years, due to an increase in labor force participation.
• Wage growth in February was 4.3% year-over-year, outpacing inflation but raising concerns about its impact on Federal Reserve's interest rate decisions.
• Manufacturing jobs saw a decline despite significant investments, puzzling economists.
• Analysts predict the Federal Reserve may begin cutting interest rates by June 2024, potentially impacting the housing market and borrowing costs.