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U.S. Economy Adds More Jobs than Forecast in February
The U.S. added 295,000 jobs in February, another strong month of job creation that should add momentum to the Federal Reserve's tentative plans to raise interest rates later in 2015. It was the 12th consecutive month in which the U.S. added more than 200,000 jobs, the strongest period of job growth in a decade and a half. The headline unemployment rate was 5.5%, its lowest level in six years. Economists had forecast an addition of 240,000 jobs and that the unemployment rate would tick lower to 5.6% Still, Fed policy makers are keeping a close eye on wage growth and the labor force participation rate, two economic ... (full story)
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