Unemployment rate falls to 7.7 percent

By Agence France-Presse
Friday, March 8, 2013 9:01 EDT
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Job seekers line up to attend a career fair on August 15 in New York City. More Americans filed claims for unemployment insurance last week, the second straight weekly rise amid a slow recovery in the jobs market, official data showed. (AFP Photo/John Moore)
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WASHINGTON, USA – The US jobs market brightened better than expected in February, with the unemployment rate falling and solid job growth, official data released on Friday, March 8, showed.

The jobless rate fell to 7.7%, from 7.9% in January, and the US gained a net 236,000 jobs, the Labor Department said.

The numbers were much better than analysts expected. The average estimate was for the jobless rate to remain stuck at 7.9 percent for the second month in a row and additional jobs to total only 165,000.

The last time the jobless rate was as low as 7.7 percent was in December 2008.

Agence France-Presse
Agence France-Presse
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