Updated from 8:46 a.m. ESTThe labor market continued to sizzle in February, with the U.S. economy adding 243,000 jobs amid solid wage growth. February payroll additions were above the 210,000-job consensus of economists, although the upside was moderated by an 18,000-job downward revision to January and December's numbers. The unemployment rate rose to 4.8% from 4.7% in January, and average hourly wages grew by 0.3%. Economists were expecting an unemployment rate of 4.7% and wage growth of 0.3%. Over the last 12 months, the economy has created a net 2.1 million jobs, while average hourly wages have risen 3.5%. The February payroll gains reflected a 198,000-job rise in services-industry employment. About 41,000 new construction jobs were created last month, along with 47,000 new jobs in education and health care. Friday's number was likely to keep anxiety high in the bond market, where fears that the Federal Reserve will continue raising rates have caused a minor rout over the last two weeks. After the report, the yield on the 10-year Treasury bond jumped from 4.75% to 4.77%. Stocks were mixed on the news, with the Dow rising 0.25%, the S&P 500 adding 0.1%, and the Nasdaq Composite falling about 0.1%. The next Fed meeting is March 28. Fed funds futures are currently pricing in a 100% chance of another quarter-point tightening -- the 15th straight -- and are nearly unanimous about another when the Fed meets on May 8. The fed funds rate currently sits at 4.5%. Among other sectors, manufacturers cut 1,000 jobs last month, while retailers added 6,000 jobs and business and professional services added 39,000.