US adds 295,000 jobs robust; Unemployment drops to 5.5%

By Christopher S. RUGABER

WASHINGTON - US employers to increase setting series in February, healthy by 295,000 jobs, the 12 consecutive monthly increase of over 200 000. It was the latest sign that the US economy is strengthening, surpassing other major economies in the world.

The unemployment rate in the US fell to 5.5 percent from 5.7 percent, the government Friday . But the rate decreased mainly because some unemployed people stopped looking for work and are no longer counted as unemployed.

The gain of robust job in February was not enough to stimulate a lot of pay. The average hourly wages rose only 3 cents to $ 24.78 per hour. Average hourly wages by 2 per cent in the last 12 months hardly increases above inflation.

But at this time 3.3 million Americans have jobs. More jobs and gas prices have led many consumers to increase spending. The economic recovery that the stagnation savings compensated abroad and employers the confidence to hire.

Provide employment "further evidence that the job market is recovering faster, with employment growth and strong enough to hold unemployment to decline," said Jim O'Sullivan, chief economist at High Frequency Economics United States. lower unemployment "the wages accelerated more and more likely."

At 5.5 percent, the unemployment rate for top of the range of the Federal Reserve was reached, said that it is consistent with a healthy economy. This could likely that the Fed will act quickly to take the historically low interest rates in June in attack

"This is a very symbolic change, the pressure on the Fed to raise interest rates increased in June," Paul Dales, an economist at Capital Economics, said he said.

Unemployment rate in the United States and the newly hired | StartClass

In fact, after the jobs report released Friday morning, investors sold extremely safe government bonds USA, a sign that many expect a rate hike by the Fed. The yield on 10-year Treasury bond rose to 2.18 percent from 2.11 percent before the report.

The market for American jobs and the economy are simply the best students of the other great nations. Although Europe and Japan are showing signs of growth over the previous year, the economy remains weak. The unemployment rate in the euro currency union began to decline, but at 11.2 percent, almost twice as high as in the United States.

The US economy grew at an annual rate of 4.8 percent of vertigo in the spring and summer of last year, only to Many economists believe in a tepid pace of 2.2 percent in the last three months of 2014. slow growth with an annual rate of 2.5 recovered slightly during the quarter percent to around 3 percent.

However, economists are optimistic despite slowing growth of the setting. The slowdown in the fourth quarter was mainly because companies reduced their holdings of goods, which resulted in lower production factory.

But the company focus more on consumer demand to make decisions on the setting, and the demand during the quarter October-December was strong. Americans increased their spending over four years.

And if consumers save a lot of money cheaper gas, spending again in January pruned at a reasonable pace to find the lowest prices for.

Mark Zandi, chief economist at Moody's Analytics, should the economy will grow by 3 percent this year, which that level would be reached in ten years the first time. It's fast enough to support the setting of about 250,000 per month, he said.