FUTURE PRIMATE

236,000 Jobs Added In February, Unemployment Drops To 7.7%

236,000 Jobs Added In February, Unemployment Drops To 7.7%

The American economy created jobs at a faster pace in February, adding 236,000 positions, the Labor Department reported Friday.

The unemployment rate was 7.7 percent, the lowest since December 2008, compared with 7.9 percent in January. Economists had been expecting the economy to add 165,000 jobs in February, with no movement in the rate.

After peaking at 10 percent in October 2009, the unemployment rate fell steadily for three years but has been stuck at just below 8 percent since last September.

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This entry was published on March 9, 2013 at 12:09 am. It’s filed under Politics and tagged , , . Bookmark the permalink. Follow any comments here with the RSS feed for this post.

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