By Eric Morath and Hannah Lang The U.S. economy is set up for a stronger recovery this spring after a February surge in hiring at restaurants and other hospitality businesses created the best.
Hiring accelerated sharply in February as restaurants and other hospitality businesses reopened, adding 379,000 to U.S. payrolls and fueling renewed growth as the coronavirus pandemic eases. U.S. employers added jobs for the second straight month in February, the Labor Department said Friday, in what marks a sharp pickup from earlier this winter. The unemployment rate, .
Provided by Dow Jones
By Eric Morath and Hannah Lang Hiring accelerated in February as restaurants and other hospitality businesses reopened and coronavirus cases eased, setting up the U.S. economy for broader growth this spring. U.S. employers added 379,000 jobs in February the largest monthly increase since October and January gains were revised higher to 166,000 jobs, the Labor Department said Friday. The hiring thaw comes after job growth froze earlier in the winter. The unemployment rate, determined by a separate survey, ticked down to 6.2% last month. The rate is well down from a 14.8% peak in April 2020, but remains above pre-pandemic levels, when unemployment was near 50-year lows. Overall, the U.S. has 9.5 million fewer jobs that a year earlier, just before the coronavirus pandemic took hold in much of the country.
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