US adds 275,000 jobs in February as labor market continues to grow

Layoffs climb sharply with last month’s rate the highest of any February since 2009 but expert says ‘job gains remain solid’

Employers added 275,000 jobs across the US last month, as the labor market continues to grow at a clip in the face of the high interest rates.

Job growth exceeded expectations of 200,000 on Wall Street in February but fell back from the previous month’s robust rate of 353,000.