U.S. Added 242,000 Jobs in February, Easing Recession Concerns

he U.S. added 242,000 jobs in February, a healthy number – easily exceeding analysts’ expectations -- that should help ease concerns the economy is falling back into a recession. The headline unemployment rate was 4.9%, the lowest level in eight years. Analysts had predicted 190,000 new jobs last month at that the unemployment rate would hold steady at 4.9%. The labor force participation rate also ticked higher to 62.9%, according to data released Friday by the U.S. Labor Department, a positive sign that thousands of workers have gotten off the sidelines and re-entered the workforce. And job creation in December and January was revised higher, adding 30,000 additional jobs for the two-month period.

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