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February job numbers show the U.S. gained 678,000 jobs last month, shattering expectations

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The United States economy added 678,000 jobs in February, shattering expectations and giving hope for the recovery of the financial hardships brought on by COVID-19.

The Bureau of Labor Statistics released the February numbers on Friday, and showed February was the largest month for job growth since July 2021. The unemployment rate also fell from 4% to 3.8% over the last month.

As the omicron variant of the coronavirus loosens its grip on the US population, economists are optimistic about what the February gains might mean going forward.

“It’s mindbogglingly [sic] fast and sustained growth — well over half a million jobs added per month on average for more than a year,” Tweeted Heidi Shierholz, president at the Economic Policy Institute.” More than nine out of every 10 jobs lost during the pandemic recession have been regained.”

It is unclear whether this momentum will continue after Russia’s invasion of Ukraine and the global economic impact the conflict may bring, but higher oil prices may impact hiring numbers due to the war in Eastern Europe.

ARTICLE: LAURA SPIVAK

MANAGING EDITOR: CARSON CHOATE

PHOTO CREDITS: CNBC

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Laura Spivak

Laura is a freelance writer out of Maryland and a mom of three. Her background is in political science and international relations, and she has been doing political writing and editing for 17 years. Laura has also written parenting pieces for the Today Show and is currently working on writing a collection of remarkable true stories about normal people. She writes for FBA because unbiased news is vital to unity, and readers deserve the facts free of opinion.

Laura is a freelance writer out of Maryland and a mom of three. Her background is in political science and international relations, and she has been doing political writing and editing for 17 years. Laura has also written parenting pieces for the Today Show and is currently working on writing a collection of remarkable true stories about normal people. She writes for FBA because unbiased news is vital to unity, and readers deserve the facts free of opinion.

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