(CNBC) Nonfarm payrolls grew far more than expected in February as companies continued to hire leading into a growing coronavirus scare.
The Labor Department reported Friday that the U.S. economy added 273,000 new jobs during the month, while the unemployment rate was 3.5%, matching its lowest level in more than 50 years. An alternative measure of joblessness that counts those not looking for work and holding part-time jobs for economic reasons edged higher to 7%.
The January and February gains tied for best month since May 2018.
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