The New York Times
Fri, March 05, 2010 -- 8:34 AM ET
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Jobless Rate Holds Steady at 9.7%; 36,000 Jobs Lost in February
The American economy shed 36,000 nonfarm jobs in February as
the unemployment rate held at 9.7 percent, the Labor
Department said Friday, a more positive report than expected
given the series of winter storms that shut down much of the
East Coast.
The report interrupted a trend of easing in the
recession-bleakened job market in recent months. But
economists, whose forecasts for Friday's report had varied
more widely than usual, said the February data may be
substantially revised in the next few months' reports.
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