Marketplace   Menu Guide   Complete Pages      
butler eagle
Site last updated: Wednesday, July 23, 2014 Bookmark our site!
Local PennsylvaniaNationalInternationalNews Extras  
Published: March 7, 2013 print this article Print save this article Save email this article Email ENLARGE TEXT increase font decrease font

Jobless rate falls to 7.7% as job hiring picks up



WASHINGTON — A burst of hiring last month added 236,000 U.S. jobs and reduced the unemployment rate to 7.7 percent from 7.9 percent in January.
The robust gains suggested that the economy can strengthen further despite higher taxes and government spending cuts.
The February jobs report issued this morning provided encouraging details: The unemployment rate is at its lowest level in four years. Job growth has averaged more than 200,000 a month since November. Wages rose. And the job gains were broad-based, led by the most construction hiring in six years.
The unemployment rate, which had been stuck at 7.8 percent or above since September, declined mostly because more people found work. Another factor was that 130,000 people without jobs stopped looking for work last month. The government doesn’t count them as unemployed.





Back
Comments
Order Photos!
 
MORE NEWS HEADLINES
arrow SEC votes to end $1 a share for some money funds
arrow Alameda Pool work to cost $1.1 million
arrow Truck hits pole, downs wires
arrow Cantor avoids unrest in trip to Mideast
 
MOST READ ARTICLES
arrow Moniteau hires husband, wife as principals
arrow Crash downs utility wires on Center Avenue
arrow Parents group not pleased
arrow Police Reports