Unemployment Rate Falls to Lowest Level in 4 Years

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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.

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2 comments

  • George

    The number of Americans not in the labor force increased by 296,000 in February, according to the Bureau of Labor Statistics’ latest jobs report.

    Of course unemployment is down if everyone gave up looking for work.

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