Home Must Reads Nationwide jobless rate falls to 3-year low

Nationwide jobless rate falls to 3-year low

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Must Reads
Friday, February 03, 2012

The nationwide unemployment rate fell to 8.3% in January, and employers added 243,000 jobs.

Measured by both the unemployment rate and the number of jobless — which fell to 12.8 million — it was the strongest signal yet that an economic recovery was spreading to the jobs market. The last time the figures were as good was February 2009, President Obama’s first full month in office.
The White House used the new numbers as a platform to appeal for an extension of the payroll tax cut and unemployment benefits. President Obama, speaking at a Washington-area firehouse to promote a jobs initiatives for veterans, warned that more help was needed, specifically calling on Congress to aid with the economic recovery.

Read more at The New York Times.

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