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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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.
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%.