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

IN TO Us 2024-03-08 72
The US economy continues to display robust growth, adding 275,000 jobs in February, surpassing the forecasted 200,000. The unemployment rate, however, inched up to 3.9% instead of the expected 3.7%. Following the report, Bitcoin experienced a slight uptick to $67,650, while traditional markets remained relatively unaffected. Despite earlier projections of a slowdown, the economy has proved its resilience, with inflation still hovering above the Federal Reserve's 2% target, leading to a postponement in anticipated rate cuts.
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