Jobs Increase in the U.S.

By WebProNews - Fri, 03/04/2005 - 17:59

262,000 new jobs were created in the U.S. in February, making the biggest increase in four months.

A report from the Labor Department showed job increases in manufacturing, construction, retail and business services.

"Indicators are showing some improvement in the labor market situation but we are nowhere near where we need to be," said ClearView Economics president Ken Mayland.

According to an ABC News article,

"The gain of 262,000 jobs in February was stronger than the increase of 225,000 positions that economists were forecasting before the release of the employment report. Payroll growth in February was up from January's sluggish gain of 132,000, which was less than the 146,000 increase initially reported.

The rise in the overall civilian unemployment rate to 5.4 percent in February was up from 5.2 percent in January. The increase last month came in part as more jobseekers streamed back into the market."

WebProNews | Breaking eBusiness News
Your source for investigative ebusiness reporting and breaking news.