Payrolls rose 311,000 in February, more than expected, showing solid growth

TL;DR

Job creation decelerated in February but was still stronger than expected despite the Federal Reserve's efforts to slow the economy and bring down inflation. However, Fed Chairman Jerome Powell this week told Congress that recent metrics show inflation is back on the rise, and if that continues to be the case, he expects rates to increase to a higher level than previously expected. Global Business and Financial News, Stock Quotes, and Market Data and Analysis

Like summarized versions? Support us on Patreon!