Video: Why the February Jobs Report Won't Spark Faster Fed Hikes
The February jobs report was released Friday, showing 313,000 nonfarm payrolls added to the economy.
The February jobs report was released Friday, showing 313,000 nonfarm payrolls added to the economy.
Average hourly earnings only grew 2.6% year-over-year, compared to the 2.9% year-over-year growth seen in January.
Shawn Cruz, TD Ameritrade's manager of trading strategy, said the weaker wage growth is likely to prevent the Federal Reserve from raising interest rates at a faster pace this year.
