The U.S. government said Friday that the economy added 236,000 jobs in February – much stronger than the prior month.
Meanwhile, the unemployment rate fell to 7.7% from 7.9%. A total of 12 million people remain unemployed.
Going forward, it remains to be seen what impact the recent forced budget cuts in Washington will have on the economy. Experts have forecast the cuts will cause a loss of jobs and a slowdown in growth, but for the most part the spending reductions have not yet kicked in.
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