US economy adds 295,000 jobs inFebruary(world news)

The US economy added 295,000 jobs in
February, while the unemployment rate fell to
5.5% from 5.7%, according to Labor Department
figures.
It was the 12th month running that the economy
added more than 200,000 jobs, the longest such
run since 1994.
The stronger-than-expected jobs figure led to a
jump in the value of the dollar.
Markets are now speculating that the Federal
Reserve could raise interest rates in June this
year.
The Labor Department figure showed there were
job gains in a number of sectors including
construction, health care, and transportation.
There were also job gains in food and drinks
outlets, professional and business services, and
warehousing. However, employment in mining
was down over the month.
The figure for the number of jobs created in
January was revised down from 257,000 to
239,000.
In February, average hourly earnings for all
employees on private non-farm payrolls rose by 3
cents to $24.78, with earnings up by 2% over the
year.
The labour force participation rate fell to 62.8%
from 62.9%, as more people made themselves
available for work.