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US jobs machine rebounds: 242,000 new jobs in February

US employers defied a global slowdown and pumped up hiring in February, adding a much better-than-expected 242,000 new jobsUS employers defied a global slowdown and pumped up hiring in February, adding a much better-than-expected 242,000 new jobs, the Labor Department reported Friday. It was an encouraging rebound from January, when the original job creation estimate of 151,000 sparked concerns over growth.

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