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mt all the recent talk of the US economy possibly heading towards a recession need not have employers shaking in their boots last month official data out Friday showing the US labor market standing strong employer hiring at a much faster than expected rate in February two hundred forty two thousand new jobs were created and in another show of strength the numbers for the two months before that were upwardly revised I'm totally get into New York the one disappointment with the data have to be smaller paychecks detecting waves going theme in January disappeared in February as a matter of fact average hourly earnings dropped for the first time since December two thousand fourteen the other disappointment after being the lack of follow through in terms of job gains in the manufacturing sector , the unemployment rate held steady , seven year low of four point nine percent , the report is seen as a sign of confidence in the economy the federal reserve may not want to raise interest rates , a bit earlier than the market was expecting