Jobs Report: Evidence of a Recovery Keeps Piling Up

Economy adds 227,000 jobs in February
Photograph by Stuart Isett/Bloomberg

Who would have imagined in 2000, when the unemployment rate dipped below 4 percent, that people would be cheering someday about a monthly jobs report featuring an 8.3 percent rate? It’s the “light at the end of the tunnel” phenomenon. The February jobs report, released Friday morning, “adds to the evidence that the U.S. labor market has turned a corner,” said Capital Economics.

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