US job growth totaled 275,000

Although the unemployment rate remained high, job creation in February topped expectations and pointed to a still vibrant U.S. labor market.

Nonfarm payrolls rose by 275,000 for the month, while the unemployment rate rose to 3.9%. Economists polled by Dow Jones expected payroll growth of 198,000, a step slower than a downwardly revised gain of 229,000 in January. December's gain was also reduced to 290,000 from 333,000.

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