Marketplace   Menu Guide   Complete Pages      
butler eagle
Site last updated: Wednesday, January 28, 2015 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 Fire damages house in city
arrow Tomorrow's Headlines
arrow Film crew to shoot at Butler Memorial
arrow 2nd fire destroys home
 
MOST READ ARTICLES
arrow Ex-owner of Jaffe's store dies in Florida
arrow 1-car accident sends driver to hospital
arrow Assistant county DA seeks DJ post
arrow Truck, car crash ties up traffic on I-79