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Analysis

Number of Jobs Jumps 311K — More Than Expected

However, unemployment went up by 242,000 to 3.6%, continuing the question of what the Federal Reserve might do next.

What’s the job market doing? According to the February numbers just out from the Bureau of Labor Statistics, it’s going in two ways at once. First, jobs are up by 311,000. Not the utter blowout of January, but distinctly more than the 225,000 economists generally expected.

As Oxford Economics summarized, “The labor market cools from blistering to just plain hot.”

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Erik Sherman

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