Nonfarm payrolls jumped by 313,000 jobs last month, the Labor Department said, its biggest increase in more than 1-1/2 years.
Average hourly earnings edged up four cents, or 0.1 percent, to $26.75 in February, a slowdown from the 0.3 percent rise in January. That lowered the year-on-year increase in average hourly earnings to 2.6 percent from 2.8 percent in January.
"The great news is the labour participation rate went up, the headline numbers are great, and the average hourly earnings has settled back down into consensus," said Art Hogan, chief market strategist at Wunderlich Securities in New York.
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