US Economy Gains Steam, With 379,000 New Jobs in February

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  • The US economy added 379,000 jobs last month, signaling the labor market recovery gaining steam
  • Reports say the leisure and hospitality industry added the most jobs in February, making up for 355,000 new positions
  • In January, the unemployment rate in the U.S. reduced from 6.3% to 6.2%
  • America is still down 9.5 million jobs from February last year, as the government has passed a new bill to extend unemployment benefits
  • The labor force participation rate has hit an all-time low since the 1970s, dropping to 61.4% in February