According to the Department of Labor, nonfarm payrolls climbed by 379,000 in February as unemployment dropped to 6.2%.
Analysts were projecting 210,000 new jobs and a flat unemployment rate from January at 6.3%.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 18 seconds
U.S. Economy Adds 379,000 Jobs in February As Hiring Surges
Job growth took off last month, particularly in the hard-hit service sector, as distribution of COVID-19 vaccines boosted the U.S. economy. So reports CNBC.
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