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March 4 at 7:32 a.m.
43 comments
Filed under: Economy, Jobs/employment, Updated

Unemployment rate in U.S. falls below 9%

By Dow Jones Newswires

Job seekers in Chicago speak with recruiters at a career fair at Malcolm X College last summer. (Scott Olson/Getty Images)

The U.S. jobs market rebounded in February and unemployment fell below 9 percent for the first time in nearly two years, the latest signs of a steadily improving economy.

Nonfarm payrolls rose by 192,000 last month as private-sector employers added 222,000 jobs, the Labor Dept. said Friday in its survey of employers. The January number was revised to show an increase of 63,000 jobs, from a previous estimate of 36,000.

In Illinois, the unemployment rate fell to 9.0 percent in January, the Illinois Department of Employment Security reported Thursday.

The unemployment rate, which is obtained from a separate household survey, fell to 8.9 percent last month, the first time it dipped below 9 percent since April 2009. About 13.67 million people who would like to work can’t get a job. Get the full story »

Feb. 4 at 7:49 a.m.
17 comments
Filed under: Economy, Jobs/employment, Layoffs

U.S. unemployment rate drops to 9%

By Tribune newspapers

The U.S. economy added a paltry 36,000 jobs in January, the government said Friday. Bad weather likely contributed to the weaker-than-expected hiring, but the report also suggests that many employers remain reluctant to hire despite a strengthening economic recovery.

Even so, the nation’s unemployment rate fell dramatically for the second month in a row. It dropped to 9 percent in January, from 9.4 percent in December and 9.8% in November. Get the full story »