The NY Times: U.S. Economy Added 192,000 Jobs in February; Unemployment Rate at 8.9% (423 hits)
Fri, March 04, 2011 -----
The nation's employers added a net 192,000 jobs in February, the Labor Department reported on Friday. That was close to economists' expectations of 196,000 jobs. The change for January was meanwhile revised to a gain of 63,000 from an initially reported 36,000.
The unemployment rate fell to 8.9 percent, from 9 percent. This rate, which comes from a separate survey and is based on the total number of Americans who want to work, has inched downward in recent months but remains stubbornly high despite payroll growth.
