Friday, March 9, 2012

Nation's Economy Adds 227,000 Jobs

Posted By on Fri, Mar 9, 2012 at 9:04 AM

New unemployment numbers, released this morning, point to a very slow but steady recovery.

While the nation's jobless rate held to 8.3 percent in February, overall payrolls climbed higher than forecast. According to the U.S. Labor Department, the nation's overall economy added 227,000 jobs last month. That caps three of the best months of hiring since the recession began in 2007.

But the fact remains that at least 13 million Americans still are without work and watching from the sidelines.

February's growth came from manufacturing and professional sectors, such as law and accounting. Hotels, restaurants and mining also saw upticks.

Economists quickly cautioned that growth needs to be strong and sustained before unemployment rates decline significantly.

Idaho's current jobless rate is 8.1 percent. New numbers are expected on March 23.

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