NEW YORK – The unemployment rate fell to its lowest level since December 2008.
According to a Labor Department report released Friday, the U.S. economy added 236,000 jobs in February.
That’s much stronger growth than in January, when employers hired a revised 119,000 workers.
Meanwhile, the unemployment rate dipped to 7.7%, as 12 million workers were counted as unemployed.
The unemployment rate fell partly because more people said they got jobs, but also because 130,000 people dropped out of the labor force.