U.S. Adds Robust 311K Jobs Despite Fed Rate Hikes

WASHINGTON (AP) – America’s employers added a substantial 311,000 jobs in February, fewer than January’s huge gain but easily enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation. The unemployment rate rose to 3.6% from a 53-year low of 3.4%, as more Americans began searching for work but not all found jobs. Friday’s report from the government made clear that the nation’s job market remains fundamentally healthy, with many employers still eager to hire.