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Latest Unemployment Drop May Boost Housing

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The economy is adding jobs, and that likely will bode well for the housing market in the coming months as consumers feel more confident about their earnings, economists say.

With 242,000 jobs added to the U.S. economy in February, the unemployment rate is now at 4.9 percent, according to new data released by the Bureau of Labor statistics. The unemployment level is now at the lowest point since May 2008.

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