U.S. jobless rate lowest in 4 years

U.S. jobless rate lowest in 4 years

Bloomberg.com: Job growth grew last month as automakers, builders and retailers pushed the unemployment rate to a four-year low.

Employment rose 236,000 last month after a revised 119,000 gain in January that was smaller than first estimated, Labor Department figures showed today in Washington. The median forecast of 90 economists surveyed by Bloomberg projected an advance of 165,000. The jobless rate dropped to 7.7 percent, the lowest since December 2008, from 7.9 percent.

 

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