February Jobs report

#Jobs — Down from January, but exceeding expectations again. Wage growth lower than expected, which may be taken as good news about inflation

Gain of +311,000 non-farm payroll jobs, vs. expected gain of 225K
Unemployment rose 3.6%, vs. expected 3.4%
U6 unemployment 6.8%, up by 0.2
Labor force participation 62.5%, up by 0.1
Average hourly earnings up by 0.2%; 4.6% increase over the year. Both are 0.2 lower than expected.

January jobs revised down by -14K to +504K
December jobs revised down by -21K to +239K