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Employment data lifts hopes, but where are the jobs?

Published 03/05/2010, Associated Press

At last, the unemployment crisis seems to be easing. That’s the good news. The bad news? Job creation remains scant because companies still lack enough confidence in the economy to ramp up hiring. The U.S. jobless rate held steady at 9.7 percent in February. And employers cut 36,000 jobs — fewer than predicted. Those figures signaled that the job market is slowly healing.

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