Jobless rate down .1% in Feb., economy adds 222,000 jobs: good luck finding and then getting one!

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.

Economists surveyed by CNNMoney were expecting the unemployment rate to edge up to 9.2%.

The economy gained 192,000 jobs in the month, roughly in line with economists’ forecast of 190,000 jobs. Businesses added 222,000 jobs — their best hiring month since last April — while state and local governments cut 30,000 jobs.

All this positive news,  and I still can’t land a job.

Read the CNNMoney article online.

Tagged as: Economic recovery, Jobless, jobless rate, Recession, Unemployment, unemployment rate, US economic recovery, US economy