US jobless rate same amid new hirings
Source: Agencies |
March 10, 2012, Saturday
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Print Edition
Print Edition
UNITED States employers added 227,000 jobs in February to complete three of the best months of hiring since the recession ended. The unemployment rate was unchanged, largely because more people streamed into the work force.
The US Labor Department yesterday said the unemployment rate stayed at 8.3 percent last month, the lowest in three years. And hiring in January and December was better than first thought. The government revised those figures to show 61,000 additional jobs.
The economy has now generated an average of 245,000 jobs in the past three months. The only stretch better since the recession began was in early 2010.
Last month's hiring was broad-based and in both high-paying and lower-paying industries. Manufacturing, mining and professional services, such as accounting, all added jobs.
Still, wages are rising only modestly. Average hourly pay increased by 3 US cents to US$23.31. In the past year, it has gone up only 1.9 percent - trailing the rate of inflation.
The US Labor Department yesterday said the unemployment rate stayed at 8.3 percent last month, the lowest in three years. And hiring in January and December was better than first thought. The government revised those figures to show 61,000 additional jobs.
The economy has now generated an average of 245,000 jobs in the past three months. The only stretch better since the recession began was in early 2010.
Last month's hiring was broad-based and in both high-paying and lower-paying industries. Manufacturing, mining and professional services, such as accounting, all added jobs.
Still, wages are rising only modestly. Average hourly pay increased by 3 US cents to US$23.31. In the past year, it has gone up only 1.9 percent - trailing the rate of inflation.
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