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Unemployment Drops to 3.5% but COVID-19 Could Undo Those Gains

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Nonfarm payrolls in the U.S. grew by 273,000 jobs in February, better than the 175,000 new jobs economists were expecting, but that data is all but meaningless in light of the coronavirus outbreak rippling across the U.S. The rise in new jobs last month helped to push the unemployment rate down one-tenth to 3.5 percent,…

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