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LATEST US DATA

Non-farm payrolls surge in February

Numbers boost prospects of Fed rate hike, ease recession fears

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STRONG JOBS MARKET: A job seeker at a career fair in San Jose. The US unemployment rate held at an eight-year low of 4.9 per cent.

Washington

US employment gains surged in February, the clearest sign yet of labour market strength that could further ease fears the economy was heading into recession and allow the Federal Reserve to gradually raise interest rates this year.

Non-farm payrolls increased by 242,000

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