U.S. economy adds 175,000 jobs, unemployment rate ticks up

The New York Times: The American economy added 175,000 jobs last month, a pace that was better than economists had expected and well above the anemic job gains recorded in December and January. Still, the latest figures for hiring were down from last year's average of roughly 190,000 and fell a bit short of what policymakers had been hoping to see at this stage of the recovery. The unemployment rate rose 0.1 percentage point to 6.7 percent. 

 

FCC seeks limits on TV stations to curb cable costs

The New York Times: Seeking to address what critics say is one of the biggest contributors to the ever-rising price of cable television subscriptions, the Federal Communications Commission said on Thursday that it would consider new rules that prevent local broadcasters from working together to negotiate deals with cable companies and advertisers. FCC officials say the changes are intended to address recent efforts by stations to get around rules that limit the ownership of multiple broadcasters in a single metropolitan market.

 

Mortgage rates fall again

CNNMoney: After three weeks of trending higher, mortgage rates have once again turned lower. The 30-year fixed-rate came in at an average of 4.28 percent, according to Freddie Mac's weekly survey. That's down from 4.37 percent last week. Meanwhile, 15-year fixed-rates, popular with homeowners refinancing their loans, were at 3.32 percent, down from 3.39 last week.