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Economy adds 313K jobs in February, most since July 2016

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Economy adds 313K jobs in February, most since July 2016

The U.S. economy added a robust 313,000 jobs in February as the tax cuts kicked in amid a tightening labor market to boost economic growth. 

The number of jobs added exceeded economist expectations and was is the biggest gain since July 2016.

The unemployment rate was  4.1 percent for the fifth straight month, the lowest level since December 2000, when it was 3.9 percent, the Labor Department reported on Friday.

The latest positive jobs growth comes amid President Trump ‘s plan to levy global steel and aluminum tariffs that congressional Republicans worry could upend economic momentum from that tax package.

Trump announced tariffs of 25 percent on steel and 10 percent on aluminum from all nations except Canada and Mexico.

There were 54,000 jobs created in December and January than initially reported. 

Employers have added jobs for 89 straight months.

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