Economy

February jobs report expected to show strong labor market continuing with solid wage gains

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A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022.

George Frey | Bloomberg | Getty Images

The economy was likely to have added jobs at a healthy pace in February and wages gains were strong.

The February employment report, released at 8:30 a.m. Friday, is the final monthly employment data the Federal Reserve will consider before it meets March 15 and 16. The central bank is widely expected to raise interest rates at that meeting in its first hike since 2018.

Economists expect 440,000 jobs were created in February, according to Dow Jones. That compares to 467,000 in January. Wages were expected to rise by 0.5% or 5.8% year-over-year, and…



Source cnbc.com

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