This Week In The Economy: US Unemployment Rate Rises, Powell Doubles Down On Cautious Monetary Policy Stance, US Price Pressures Persist, ECB Downgrades Growth Outlook

Welcome to a regular snapshot review of U.S. and international economic news that aims to 1) provide a window into the challenges and decisions facing businesses today, 2) determine the direction of economic policy — such as the speed at which central banks decide to raise interest rates, and 3) assess what the impact will be for consumers.

U.S. Economy Added 275,000 Jobs In February, Unemployment Rate Rises

The Bureau of Labor Statistics reported this week that U.S. non-farm payrolls rose by 275,000 last month, while the unemployment rate rose to 3.9% after coming in at 3.7% in both December and January.

The change in total nonfarm payroll employment for December was revised down by 43,000, from +333,000 to +290,000, and the change for January was revised down by 124,000, from +353,000 to +229,000. With these revisions, employment in December and…