The US Department of Labor announced that employers added 311,000 jobs in February, exceeding economists' expectations of 220,000.
The unemployment rate remained close to its 50-year low at 3.6%, indicating a healthy job market, with employers continuing to add workers to payrolls at a brisk pace.
Inflation has remained high, which led the Federal Reserve to signal its intent to continue hiking interest rates to temper economic growth and bring down prices.
Despite the recent months of rising interest rates, however, employers have maintained hiring momentum.
The NY Post noted the wage inflation showed signs of cooling, which may ease the pressure for the Fed to increase interest rates further.
While the Al Jazeera and The Guardian also acknowledge this point, they both emphasised the overall solid employment report, which may prompt the Fed to remain committed to a more aggressive rate hike strategy.
According to The Guardian, Federal Reserve Chair Jerome Powell said that there was still "a long way to go" to tame inflation, which fell to an annual rate of 6.4% in January from a high of 9.1% in June 2022, but is still well above the Federal Reserve's target of 2% annually.
With The NY Post emphasising that the economy needs to create 100,000 jobs per month to keep up with growth in the working-age population, it remains to be seen whether this high hiring momentum will continue in the coming months.