Tuesday, March 8, 2011

February Jobs Report

NEW YORK (CNNMoney) -- The jobs outlook brightened in February, as strong business hiring helped trim unemployment to its lowest level in nearly two years.

The unemployment rate fell to 8.9% last month, from 9.0% in January, the best reading since April of 2009. The unemployment rate has now fallen nearly a full percentage point in the last three months, the most rapid improvement in nearly 28 years.

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Source: CNNMoney.com

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