The unemployment rate fell for the third month straight and hit a two-year low, landing below 9% for the first time in months. With 192,000 new jobs created, the new Labor Department numbers fell just shy of economists’ projection of 218,000 jobs created.
Unemployment rate drops, lowest since April 2009
New job figures out today show unemployment rate at 8.9% with 192,000 new jobs created in February
Published
Participants wait in line at a Job Fair Thursday, Feb 24, 2011, sponsored by Best Jobs Magazine and the National Employment Council at Angels Stadium in Anaheim, Calif. The economy grew more slowly at the end of last year than first thought as state and local governments cut spending more deeply and Americans spent a tad less briskly.(AP Photo/Nick Ut) (AP)
