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Billboard Women in Music 2024
The US economy maintained a steady pace of employment growth in February, with the number of employed people increasing by 275,000, while the unemployment rate rose to 3.9%.
Film and sound recording jobs rose again in the same month, increasing by 3,200 to 443,200. Employment at broadcast and other content providers fell by 1,800 to 341,400, according to data from the Bureau of Labor Statistics.
Significant increases were seen in healthcare, government, food services, and restaurants. Average hourly wages increased 5 cents to $34.57, following an 18 cent increase in the previous month.
As usual, the Bureau of Labor Statistics revised the previous month’s numbers, adding 229,000 jobs in January versus the originally expected 353,000, and 290,000 jobs in December versus 330,000 originally expected. It became.
Mark Zandi, chief economist at Moody’s Analytics, said on We’re creating between 10,000 and 250,000 jobs, the unemployment rate remains below 4%, and wage growth is just over 4%. Not too hot, not too cold. Just right.”
Jason Furman, a Harvard professor who chaired President Barack Obama’s Council of Economic Advisers, wrote that this was a “jobs report that had a soft landing.”
“The balance of anxiety has tipped slightly away from inflation and toward recession,” he wrote. “But overall things still look good. 275,000 jobs added. Hours have passed. But unemployment rate rose from 3.7% to 3.9% while participation rate remained flat. The wage increase rate is only 0.1%.
