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via BBC News

The US economy created 227,000 jobs in February, while the unemployment rate stayed at 8.3%, the lowest level in nearly three years.

The Labor Department report also showed that job-creation figures in December and January were even stronger than first estimated.

President Barack Obama said the figures showed the economy “getting stronger”.

Employment has been rising for the past six months, but the jobless rate has been stuck above 8% since early 2009.

That, largely, can be explained by the changing size of the workforce.

Americans who had given up looking for work have started streaming back into the labour market.

Those who re-enter the market but do not secure jobs are in effect counted afresh as unemployed.

That’s why the unemployment rate in February remained unchanged at 8.3%.

The number of new jobs being created has been consistently above 200,000 in each of the past three months, fuelling hopes that the US recovery is gathering pace.

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Article courtesy bbc.co.uk