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Last week's surprisingly strong jobs report spotlighted healthy employment gains in manufacturing -- an industry that was expected to be hampered by Europe's economic downturn this year.
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An "unambiguously good" jobs report from the U.S. Department of Labor sent
stocks soaring Friday and likely will boost President Obama's political
prospects.
The drop in Florida unemployment masks a troubling trend: The new jobs continue to pay far less than the ones that have been lost.
A quarter of a million Americans found work last month as the world's biggest
economy shrugged off the crisis in the eurozone.
President Obama on Friday unveiled new initiatives aimed at turning veterans
into firefighters, police officers and entrepreneurs.
Drop in rate fueled by a gain of 243,000 jobs in January, 157,000, or 61.4 percent, centered in five key sectors: construction, health care, leisure/hospitality, manufacturing and transportation/warehousing.
Honda will invest $98 million in its engine plant in Hamilton, Ohio, and create 150
new jobs in the state as part of a plan to become the "fuel efficiency leader in
every segment" of the North American auto industry, company leaders said.
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