US unemployment fell in February to 3.8%, showing the weakest employment growth since September 2017


In February, a slowdown in US employment growth was recorded, the figure fell to its lowest level since September 2017. According to the country's Department of Labor, in the second month of the year only 20,000 jobs were created, which is explained by the reduction in wages in the construction and a number of other areas. At the same time, there was a decrease in the unemployment rate to 3.8% from 4% in January, while the experts had predicted a level of 3.9%. Economists also expected a rise in the number of jobs by 180 thousand in the non-agricultural sector. According to previously published data from the Federal Reserve System, employment growth in most areas was moderate. And the Institute for Supply Management pointed to a decline in employment in the service sector and manufacturing industry. Wages rose by 3.4%, noting the largest increase since April 2009.

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