Overview

• Employers added 275,000 jobs in February, marking the 38th consecutive month of job growth.
• Unemployment rate increased to 3.9% due to a mix of job losses and more people entering the labor market.
• Previous months' job estimates were revised lower, with December and January's numbers cut by 167,000.
• Economists describe the current job market as cooling, with some comparing it to the mid-2010s.
• Despite the mixed signals, the overall labor market remains healthy, with prime-age employment at a two-decade high.