Jobs creation surprises to upside in February
The Labor Department says jobs creation was stronger than private analysts expected last month. Some 262-thousand jobs were added to payrolls, the biggest number in four months. In a separately compiled survey, the government says the unemployment rate rose two-tenths of one percent to five-point-four percent. That increase reflects a larger number of job-seekers entering the marketplace. The stronger payrolls data was giving a boost to spirits on Wall Street, where stock futures rose upon release of the report.