U.S. Adds 236K Jobs; Unemployment Falls to 7.7%
By Patrice Hill
Posted on 03/08/13 | News Source Washington Times |
The nation’s unemployment rate dropped to a four-year low of 7.7 percent last month as job growth accelerated to 236,000, the Labor Department reported Friday morning.
The job gains were registered widely throughout the economy, from accounting and computer design toand health care.
The 48,000added during the month were the most in six years and showed that the reviving housing sector is starting to produce the much-sought benefit of increased employment for long-idled workers in home-building, many of whom have been out of permanent work for five years or more.
Read More: Washington Times
Photo Caption: The jobs reports shows that the good times may be starting to spread to the larger economy â€” an outcome long sought at the Fed