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  • the U.

  • S jobs market regained steam in February.

  • The Labor Department reported Friday that employers added 379,000 people to their payrolls, more than double what economists were expecting.

  • What's more, January's modest gains were revised sharply.

  • Upward jobs increased amid falling covid 19 cases, rising vaccination rates and more relief money from the government.

  • That puts the economy on course for further gains in the months ahead.

  • The sector that was among the hardest hit by the pandemic accounted for most of the job gains.

  • In February, the leisure and hospitality sector added 355,000 jobs as restrictions eased in some parts of the country.

  • Most of those gains came from restaurants and bars.

  • Among the biggest losers of jobs.

  • The construction industry, which may have been hurt by the severe winter weather that slammed much of the U.

  • S.

  • The report also offered a reminder that the recovery remains excruciatingly slow.

  • Millions of Americans experienced long periods of joblessness.

  • The unemployment rate ticked lower to 6.2% last month, but that rate is understated because people miss classify themselves as being employed but absent from work looking ahead.

  • Economists forecast the labor market will gather steam in the spring and through summer.

  • President Joe Biden's $1.9 trillion recovery plan, now being considered by Congress, could also boost hiring.

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B1 february steam market labor recovery sector

U.S. jobs market gains momentum in February

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    林宜悉 posted on 2021/03/05
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