US Economy Adds 275,000 Jobs in February, Unemployment Rate Rises to 3.9%

IN TO Us 2024-03-08 34
The US economy is still going strong, with 275,000 jobs added in February, exceeding expectations of 200,000. However, the unemployment rate rose to 3.9% instead of the anticipated 3.7%. Bitcoin saw a slight increase to $67,650 after the report, while traditional markets showed little reaction. Despite predictions of a slowdown, the economy remains resilient and inflation is still above the Fed's 2% target, resulting in a delay in the expected rate cuts.