U.S. Employers Add 242K Jobs in February

The video discusses the job growth in February, highlighting a 47,000 increase and an unemployment rate steady at 4.9%, the lowest in eight years. It notes that job creation averages 228,000 monthly, matching 2015 levels. The labor participation rate has risen to 62.9%, the highest since January 2015. However, concerns arise over wage growth, which is at 2.2%, below the expected 2.5%, marking the lowest since July 2015. Average hourly earnings fell for the first time since December 2014, and weekly hours worked dropped to 34.4, the lowest since February 2014. The report indicates job creation without wage inflation, posing challenges for policymakers seeking inflation signs.

What was the average wage growth reported?

What does the report suggest about job creation and wage inflation?