U.S. February Employment Statistics Increased by 678,000 from the previous month Significantly higher than expected

The February employment data for the United States was released, and the number of non-farm workers increased by 678,000 compared to the previous month, far exceeding market expectations.

The unemployment rate was 3.8%, an improvement of 0.2 points from the previous month.

Meanwhile, the average hourly wage of workers increased by 5.1% compared to the same month of the previous year.

The central bank's Fed has indicated its intention to raise rates at a meeting mid-month to curb record inflation associated with economic recovery, including improved employment.