US adds 235K jobs, unemployment rate falls to 4.7 pct. 

President Donald Trump addresses a joint session of Congress on Capitol Hill in Washington, Tuesday, Feb. 28, 2017. Vice President Mike Pence and House Speaker Paul Ryan of Wis. listen. (Jim Lo Scalzo/Pool Image via AP)

CHRISTOPHER S. RUGABER, AP Economics Writer

WASHINGTON (AP) — U.S. employers added a robust 235,000 jobs in February and wages rose at a healthy clip, a sign the economy remains on solid footing after nearly eight years of recovery.

The Labor Department says the unemployment rate fell to a low 4.7 percent from 4.8 percent. More Americans launched job searches, lifting the proportion of Americans working or looking for work to the highest level in nearly a year.

The healthy job growth, decent pay gains and falling unemployment rate will make the Federal Reserve even more likely to raise short-term rates when it meets next week.

The job gains were boosted by 58,000 new construction jobs, the most in nearly a decade. That figure was likely boosted by unseasonably warm weather in much of the nation.

 

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