Economy adds just 20K jobs in February
The U.S. economy added 20,000 jobs in February.
The unemployment rate dropped 0.2 percentage points to 3.8 percent as the labor force participation rate held steady at 63.2 percent. Hourly earnings also increased 3.4 percent in the past 12 months, beating expectations.
The underwhelming February numbers follow a stellar January jobs report, which was revised upward Thursday from 304,000 to 311,000 jobs.