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Economic Report: U.S. adds meager 20,000 jobs in February to mark smallest increase in 17 months

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The U.S. economy added just 20,000 new jobs in February after big gains in the prior two months, but the unemployment rate fell again and wages rose sharply.

The numbers: American businesses and other employers created the fewest new jobs in February in 17 months, the latest sign of a broader slowdown in the U.S. economy.

The economy added just 20,000 new jobs last month, the smallest gain since September 2017, the government said Friday.

The number of new nonfarm jobs created last month was well below the 172,000 MarketWatch forecast, but the slowdown was probably exaggerated by heavy snow and other seasonal oddities that are unlikely to persist.

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