Tally beats expectations but major gains were in low wage industries such as restaurants and retail as unemployment rate holds regular at 4.9%The US economy added 242000 jobs in February,spurred by growth in restaurants, retail and healthcare. The unemployment rate held regular at 4.9%.
The positive report – in excess of predictions by economists – caps 72 months of uninterrupted job gains, and the longest streak on record. It comes as stock markets in the US and abroad have been rattled by fears of a global slowdown,sparked by worries that China’s economic boom is slowing.
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Source: theguardian.com