According to the US Department of Labor, there were 242,000 new positions created in February while the experts forecasted an increase by 190,000. The US government also improved previous data estimate for December and January. Thus, experts’ concerns regarding the slowdown in employment growth and its influence on the US economy didn’t pan out.
The amount of open positions decreased from 271,000 to 172,000 in January but in February the dynamics recovered. Despite the growth of gainfully employed population, the unemployment level is still at the minimum 4,9%.
Thus, consumption rate and company’s expenses together with the employment data suggest the possibility of the US economy growth in the first quarter of 2016 up to 2.5%. Besides, it can be a sign that the Federal Reserve System will continue raising the interest rate.
