Friday, March 04, 2011

Unemployment is under 9%.
The latest Employment Situation news release was issued today by the Bureau of Labor Statistics. http://www.bls.gov/news.release/pdf/empsit.pdf

We have added jobs for five straight months. Nonfarm payroll employment increased by 192,000 in February for an unemployment rate of 8.9 percent. Job gains were broad-based: manufacturing, construction, professional and business services, health care, and transportation and warehousing.

This is good news for so many of my friends who are still job-hunting. Finance was particularly hard-hit with about 20% of our jobs lost during The Great Recession (TGR).

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