U.S. Unemployment Slips Below 9%
Posted on Mar 4, 2011
The U.S. unemployment rate fell to 8.9 percent in February, the third straight monthly decline and putting it below 9 percent for the first time since April 2009.
But even with that improvement, 13.7 million Americans remain unemployed, almost double pre-recession levels.
The US unemployment rate fell slightly to 8.9% in February, down from 9% the month before.
It is the third month in a row that the jobless rate has fallen, with February’s figure marking a near two-year low.
Employers added 192,000 jobs last month, the US Labor Department said, above market expectations.
Paul O’Neill, former US Treasury Secretary, described the data as “very positive”.
Flickr / jrmyst