US job growth accelerates but weather cuts into hours worked
Published on Mar 7, 2014 9:47 PM
WASHINGTON (REUTERS) - US job growth rose more than expected in February, which could ease fears of an abrupt slowdown in economic growth and keep the Federal Reserve on track in reducing its monetary stimulus.
Employers added 175,000 jobs to their payrolls last month after creating 129,000 new positions in December, the Labor Department said on Friday.
The unemployment rate, however, rose to 6.7 per cent from a five-year low of 6.6 per cent.
Economists polled by Reuters had expected nonfarm payrolls to rise 149,000 and the unemployment rate to hold steady at 6.6 per cent.
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