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Labor Department: US Added 313,000 Jobs In February. (03/13/2018)

CNN Money (3/9, Gillespie) reported that the Labor Department announced on Friday that US businesses added 313,000 jobs in February, “much stronger than economists expected and the biggest gain since July 2016.” Unemployment held steady at 4.1%, “the lowest in 17 years,” and “wages grew 2.6% compared with a year earlier.” U.S. News & World Report (3/9, Soergel) reported that “job gains exploded last month,” and “goods producers were a key contributor to February’s gains.”

Reuters (3/9, Mutikani) reported that the February gain represented “the biggest number of jobs in more than 1-1/2 years,” adding that “the payrolls gain was the most since July 2016 and triple the roughly 100,000 jobs the economy needs to create each month to keep up with growth in the working-age population.”

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