The February jobs report was released Friday, showing 313,000 nonfarm payrolls added to the economy.
Average hourly earnings only grew 2.6% year-over-year, compared to the 2.9% year-over-year growth seen in January.
Shawn Cruz, TD Ameritrade’s manager of trading strategy, said the weaker wage growth is likely to prevent the Federal Reserve from raising interest rates at a faster pace this year.
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