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US Employers Cut 92,000 Jobs in February
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US employers unexpectedly cut 92,000 jobs in February, the US Labor Department reported on March 7, and the unemployment rate rose to 4.4 percent. Revisions trimmed 69,000 jobs from December and January payrolls, while sectors including healthcare (-28,000), restaurants and bars (~30,000), and manufacturing (-12,000) saw broad losses; average hourly wages rose 0.4% monthly and 3.8% annually.
