U.S. Unemployment Slips Below 9%
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.
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.
–JCL
Your support matters…The BBC:
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”.
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.
Politics
The despair of lower-income voters was seen as a political problem rather than an empirical reality.
Editorial Cartoons
Media
As mainstream outlets continue to focus on inflation, consumer sentiment about the economy remains staggeringly low.
Opinion
Staunch capitalists like Gurner tell us every day they want more exploitation and precarity for people just trying to get by.
Ear to the Ground
The administration says the moves will safeguard renters and promote rental affordability.
Business & Economy
The cost of living might be rising faster for them.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.