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Unemployment Rate Continues to Fall

March 4, 2011 No Comments

The U.S. job market headed in an encouraging direction last month, as employers added 192,000 jobs and the unemployment rate dropped to 8.9 percent. The jobless rate has been falling since November, when it stood at 9.8 percent. The 0.9 percentage point drop over the past three months is the largest such decline since 1983, ...

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Payrolls Decline Again in February

March 5, 2010 No Comments

The unemployment rate stayed at 9.7 percent in February, while payrolls continued to drop, the Labor Department reported today. Employment fell by 36,000 last month, according to the report. The department’s revised figures show that the economy lost 26,000 jobs in January. Bad weather may have affected the February numbers. “Payroll employment declined by 36,000, ...

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