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US payrolls drop by 92K in February

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U.S. nonfarm payrolls dropped by 92,000 jobs in February, according to data from the Bureau of Labor Statistics.

Analysts predicted a 50,000-job gain. The February figure compares with a downwardly revised January total of 126,000.

The U.S. unemployment rate was 4.4% in February.

Read more from CNBC.

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