U.S. Economy Adds 242,000 Jobs; Unemployment at 4.9%

March 4, 2016 1:37 PM

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U.S. Economy Adds 242,000 Jobs; Unemployment at 4.9%

The government reported on Friday that employers added a hefty 242,000 workers in February, highlighting the labor market’s steady gains at a time when voters around the country are homing in on their choices to lead each major party into the presidential election.

Four years ago, at this point in the last presidential election cycle, the jobless rate was at 8.3 percent and the economic recovery was in a relatively early stage. Then worries centered on rising gas prices, deep consumer debt and government layoffs.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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