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The U.S. labor market continues to add jobs at a steady pace without causing inflation concerns. The economy added 275,000 jobs in February, surpassing economists' expectations. Wage pressures are also softening, with average hourly earnings increasing at a slower rate. The consistent job growth can be attributed to both structural and cyclical factors, such as the healthcare sector's perpetual need for additional staffing and the influx of workers in certain industries. Work-from-home policies and increased immigration have contributed to the labor market's ability to absorb new hires without overheating. This flexibility in the job market has provided more room for economic maneuvering. [Extracted from the article]