Source: Ylan Mui / The Washington Post
The U.S. economy added a solid 175,000 jobs in February, despite harsh winter weather that many analysts expected would curtail hiring, according to government data released Friday morning.
The report from the Labor Department showed the job market has steadily improved since hiring plunged at the end of last year. On Friday, the government actually increased its estimate for job creation in December and January. But the unemployment rate ticked up to 6.7 percent last month as more people entered the labor force to look for jobs. The number of long-term unemployed — those who have been out of work for six months or more — rose by 203,000 to 3.8 million.
“The overall impression is that things did slow down, but not as drastically as the December and January data suggested,” said Kevin Logan, chief U.S. economist at HSBC.
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