Five takeaways from February's surprising jobs report

March 4, 2016 6:06 PM

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The labor market showed surprising strength last month in the face of slowing global growth, adding a robust 242,000 net new jobs after disappointing gains in January added to fears the U.S. economic recovery was losing momentum.

The mostly upbeat Labor Department report released Friday helped ease fears of another recession this year.

Also read: U.S. economy creates 178,000 jobs in November; jobless rate drops to 4.6%

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