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Payroll Gain in U.S. Caps Best Six Months Since ’06: Economy

Employers in the U.S. boosted payrolls more than forecast in February, capping the best six-month streak of job growth since 2006 and sending stocks higher.

The 227,000 increase followed a revised 284,000 gain in January that was bigger than first estimated, Labor Department figures showed today in Washington. The median projection of economists in a Bloomberg News survey called for a 210,000 rise. The jobless rate held at 8.3 percent, even as 476,000 more workers sought employment.