February Jobs report

#Jobs — Above expectations again

Gain of +678,000 non-farm payroll jobs, vs. expected gain of 444K
Unemployment drops to 3.8%, down by 0.1 (vs. estimate of unchanged)
U6 unemployment at 7.2%, up by 0.1
Labor force participation 62.3%, up by 0.1
Wage growth sluggish at only 0.03%. increase, vs. 0.5% estimate.

December jobs revised up by +78K to +588K
January jobs revised up by +14K to +481K