Jobs growth once again topped expectations in February, but cooler wage growth, an uptick in the unemployment rate and downward revisions to the prior month's blowout report keep the Federal Reserve on track to cut interest rates as soon as June, experts say.
U.S. nonfarm payrolls increased by 275,000 in February, the Bureau of Labor Statistics said Friday, easily topping economists' estimate for the creation of 200,000 jobs. Importantly, both the December and January payrolls data were revised lower by a combined 167,000, with 124,000 of those jobs deducted from last month's reading.
