Jobs Report: February Employment Surged By 236,000 Jobs Amid Housing Recovery

The U.S. economy added a better-than-expected 236,000 jobs in February as the unemployment rate fell to 7.7 percent, the Labor Department reported Friday. The economy got a boost from the strengthening housing sector, which saw employment jump the most in six years. Many economists like JJ Kinahan, chief derivatives strategist of TDAmeritrade, expected around 171,000 jobs would be added. Economists expected the jobless rate to drop back to the 7.8 percent it was in September. "This was an...Full Story
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