The economy shed 63,000 jobs in February, the government said on Friday, the fastest falloff in five years and the strongest evidence yet that the nation is headed toward — or may already be in — a recession.
“Had the 450,000 people who left the labor force last month been counted among the unemployed, the jobless rate would have been 5.1 percent instead of 4.8 percent,” said Mr. Bernstein of the Economic Policy Institute.
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