Unemployment in the US drops to 3.8% in February with 20,000 new jobs

The unemployment rate in the United States fell two tenths to 3.8% in February, a month in which 20,000 new jobs were created, the government reported Friday.

The US economy continues at a level close to full employment, although the creation of 20,000 new jobs was well below the expectations of analysts, who had anticipated some 175,000.

In fact, the 20,000 new jobs are the lowest in the last 17 months, while the average for the last year has been 200,000 jobs created.

The average wage, meanwhile, rose in February at 11 cents an hour, to 27.66 dollars.

In the last 12 months, salaries have increased by 3.4%, above the accumulated last month, which registered an increase of 3.2%.

On the other hand, the participation rate in the labor force, that is, the proportion of Americans who are employed or seeking employment, remained at 63.2% in January.

This was the 100th month in which employment grows consecutively in the US, the longest running bonanza in the labor market that has been recorded.

The fragile generation of jobs in January surprised because it occurred after a month in which 311,000 new jobs were created, according to the latest revision of the Department of Labor, despite the partial administrative closure of the US Administration.

This partial Gvernment shutdown had a permanent cost of 3,000 million dollars for the economy of the country, according to data published by the Office of Budgets of Congress, a non-partisan body.

DOME BRIEFINGS

Trending Now

Salazar Breaks With Trump on Immigration as Tight CD-27 Race Intensifies

MIAMI — Republican U.S. Rep. María Elvira Salazar is...

Federal Watchdog Details Cramped, ‘Inhumane’ Conditions at Alligator Alcatraz

OCHOPEE, Fla. — A federal watchdog has documented cramped...

Eliott Rodríguez, María Elvira Salazar Deadlocked at 45% in New CD-27 Internal Poll

MIAMI — Democrat Eliott Rodríguez and Republican U.S. Rep....

4 Hospitalized After Piling Rig Collapses in Brickell, Crushing Vehicles and Sparking Fire

MIAMI — Four people were hospitalized Monday morning after...

David Jolly Puts Data Center Freeze, Hope Florida Investigation at Center of Governor Campaign

Democratic gubernatorial nominee David Jolly is putting two increasingly...

Get The Florida Pundit Newsletter

Breaking Florida politics, investigations, elections, and government news delivered directly to your inbox.

Explore Coverage

Opposition Grows to Florida Property Tax Amendment as November Vote Nears

TALLAHASSEE, Fla. — Opposition to Florida Amendment 3 is...

Byron Donalds Challenges David Jolly to Debates as Florida Governor Race Begins

TALLAHASSEE, Fla. — Republican gubernatorial nominee Byron Donalds is...

Angie Nixon Upsets Alex Vindman in Florida Democratic U.S. Senate Primary

TALLAHASSEE, Fla. — State Rep. Angie Nixon scored one...

Trump Allies-Backed Attorney Ousts Miami-Dade Judge in Tight Race

MIAMI, Fla. — Attorney Destiny Alvarez narrowly defeated incumbent...

DOME — Florida Primary Reshapes the 2026 Political Map

TALLAHASSEE, Fla. — Florida woke up Wednesday to a...

Ryan Elijah Defeats Cory Mills in Florida CD-7 Republican Primary

DAYTONA BEACH, Fla. — Ryan Elijah defeated incumbent U.S....

Florida CD-7 Draws National Attention as Cory Mills Faces Primary Challenge

DAYTONA BEACH, Fla. — Florida's 7th Congressional District has...

Related News Articles

Popular Categories