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The U.S. economy added 235,000 jobs in February, while the unemployment rate fell to 4.7%, according to the Labor Department—beating economists' expectations of 200,000 jobs.

The most important thing: Stock futures rose on the news, reflecting the broad strength of the report. Average hourly earnings jumped by six cents, erasing a decline last month, and pushing the year-over-year growth in wages up to 2.8%. That statistic, which matches a post-recession high, makes it all but certain the the Fed will raise interest rates next Wednesday.

Data: Bureau of Labor Statistics

Go deeper

Biden extends mask mandates for travelers into 2022

President Biden delivers remarks at the White House on Dec. 1. Photo: Anna Moneymaker via Getty Images

President Biden will announce new testing protocols for international travelers on Thursday and extend masking requirements through March as the U.S. prepares to fight the Omicron variant this winter, according to senior administration officials.

Driving the news: The U.S. will tighten pre-departure testing protocols starting early next week by requiring all inbound international travelers to take COVID-19 tests within one day of their departure rather than three.

45 mins ago - Health

America probably won't lead the effort to understand Omicron

Illustration: Eniola Odetunde/Axios

The race to figure out just how dangerous the Omicron variant is will likely be a global effort, but some experts are skeptical that the U.S. will play a dominant role.

Why it matters: The CDC has repeatedly come under fire for inadequate data collection throughout the pandemic — and figuring out how to respond to Omicron requires a lot of data that doesn't currently exist.

U.S. faces urgent anti-hacker crisis

Illustration: Allie Carl/Axios

The Biden administration is accelerating efforts to fill nearly 600,000 vacant cybersecurity positions in the public and private sectors bogging down efforts to protect digital infrastructure.

Why it matters: Following a deluge of ransomware attacks targeting critical government and corporate infrastructure this year, clogs in the talent pipeline are leaving federal, cash-strapped local governments and Big Business even more susceptible to hacking.

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