Receive Breaking News updates as they occur
By Lucia Mutikani WASHINGTON (Reuters) - U.S. employers stepped up hiring in February and the jobless rate fell to a more than 6-1/2-year low of 5.5 percent, which could put pressure on the Federal Reserve to raise interest rates in June. Nonfarm payrolls increased 295,000 last month after rising 239,000 in January, the Labor Department said on Friday. The decline in the unemployment rate from 5.7 percent in January took it to its lowest level since May 2008 and into territory that some Fed officials consider consistent with full employment. "The labor market is on a roll.