The U.S. economy added a larger-than-expected 275,000 new jobs in February as the labor market continues to defy economists’ expectations of a slowing market.

According to the Bureau of Labor Statistics (BLS), the unemployment rate rose to 3.9 percent last month, up from 3.7 percent in January. This was higher than market forecasts of 3.7 percent.

Average hourly earnings rose 0.1 percent monthly, below the consensus estimate of 0.3 percent. On a year-over-year basis, average hourly earnings eased to 4.3 percent.


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