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MSNBC reports that the US Department of Labor said this morning that “the nation’s unemployment rate was 8.9 percent in February, down from 9 percent in January and sinking to a nearly two-year low.”

According to the story, “U.S. employers added 192,000 jobs last month, the government reported Friday - the biggest jump since mid-2010 and the latest sign that the nation’s employment picture is set to brighten this year.

“The monthly payrolls gain was above market expectations for 185,000 jobs. Data for December and January was revised to show 58,000 more jobs created than previously estimated. And as in previous months, the private sector accounted for all the job gains in February, with an addition of 222,000 positions, up from 68,000 in January.”
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