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U.S. economy adds 311,000 jobs in February

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The U.S. economy added 311,000 jobs in February, the Labor Department said on Friday, continuing a hot hiring streak that has underpinned the country's tight labor market.

Why it matters: Employers continued to add workers to payrolls at a very quick pace — despite months of rising interest rates meant to cool that demand.

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