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US adds 242000 jobs as unemployment stays 4.9 percent
U S employers added 242000 workers in February led by retailers restaurants and health care providers. The unemployment rate held at 4.9 percent with revisions boosting December and January payrolls. Over the past three months gains total 228000, signaling resilience amid global slowdown and market turmoil. Fed rate outlook remains uncertain with some economists predicting a June move.
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Washington
D.C
U.S
Labor Department
BMO Capital Markets
Gested
Fed
Kevin Logan
HSBC
New York