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Unemployment Rate Drops to 7.7% as 236K Jobs Added in February

Tim Boyle/Getty Images(WASHINGTON) -- U.S. employers added 236,000 jobs to their payrolls in February, exceeding expectations, the Labor Department reported Friday morning.

Economists had anticipated seeing around 160,000 jobs added last month.

The unemployment rate also beat expectations, falling from 7.9 percent to 7.7 percent -- the lowest level since December 2008.

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