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Fading winter to lift U.S. payrolls, push down jobless rate

From reuters.com

The U.S. economy likely created jobs at the fastest pace in four months in March as it shifted into a higher gear after being held back by a brutally cold winter. Employers are expected to have added 200,000 new jobs to their payrolls last month after adding 175,000 in February, according to a Reuters survey of economists. The jobless rate likely dipped one-tenth of a percentage point, returning to the five-year low of 6.6 percent reached in January. "It's looking like the economy is in the process of reaccelerating after a very severe winter," said Robert Dye, chief economist at Comerica in Dallas. The Labor ... (full story)

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