By Jonathan Davies

Nearly 300,000 jobs were created in the US in February, according to Labor Department figures.

The 295,000 jobs created helped the US' unemployment rate fall from 5.7% to 5.5%.

The latest jobs growth marks an entire year where the US economy has added more than 200,000 jobs in every month.

The construction, health care, and transportation industries saw the largest jobs growth. But there were also strong increases in food and drinks outlets, professional and business services, and warehousing. There was however, a decline in the mining industry.

The Labor Department said that average hourly wages were up 2%, and those on private nonfarm payrolls saw wages increase 3%.