The Nation’s Unemployment Rate Drops, Twelve Million People Unemployed
The Labor Department is releasing its monthly unemployment figures.
Nationally the economy gained 236,000 jobs in February. The jobless rate fell to 7.7-percent. While that number is a positive reflection on the state of economy it is not helpful to the twelve million Americans who remain unemployed.
The Dow Jones Industrials are reacting positively to the news, reaching an all-time high of 14,348 at this hour (as of 10:00am ET on 08 March 2013).