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  • US PAYROLLS BEAT EXPECTATIONS, UNEMPLOYMENT RATE RISES

    03/07/2014 5:50:10 AM PST · by John W · 94 replies
    Business Insider Australia ^ | March 7, 2014 | Matthew Boesler
    The Bureau of Labor Statistics says 175,000 workers were added to nonfarm payrolls in December, well above Wall Street’s consensus estimate of 149,000. 162,000 of those hires were to private payrolls, above expectations for a 145,000 rise in the ranks of private-sector workers. The unemployment rate unexpectedly rose to 6.7% from 6.6%. Labor force participation was unchanged at 63.0%. 610,000 were unable to work due to inclement weather in February, above the historical February average of 317,000.