"February Sees 275,000 New Jobs Despite Rise in Unemployment to 3.9%"

U.S. job growth exceeded expectations in February with nonfarm payrolls increasing by 275,000, though the unemployment rate rose to 3.9%. The labor force participation rate held steady at 62.5%, while average hourly earnings showed a slightly lower than expected increase, signaling a deceleration from a year ago. Despite the news, markets showed little reaction, with futures tied to major averages remaining flat and Treasury yields sharply lower.