Will the Smokestack Slump Spread?
Nonfarm payrolls increased 135,000 in February, while the unemployment rate held at 4.2%. The workweek fell to 34.2 hours from January's 34.3 hours, while hourly earnings rose a stronger than expected 0.5%, which left earnings on a non-seasonally adjusted basis rising at a 4.2% rate.
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