The U.S. economy exceeded expectations by adding 242,000 jobs in February, up from an underwhelming 151,000 jobs in January. The unemployment rate held steady at its eight-year low of 4.9 percent. Economists have said that payrolls need to exceed 125,000 to keep the jobless rate stable. Average hourly earnings dropped slightly, by 0.1 percent, following big gains in January.
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