US Job losses lower than expected
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Mar 5th, 2010 |
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There is good news from the economic data. The US employers shed fewer jobs than expected in February, cutting 36,000 jobs. This was better than the 50,000 analysts had been expecting. The data shows that the Last month’s unemployment rate stayed steady at 9.7%, the same as in January, and lower than December’s rate of 10%. There is some kinks in the data, however. We see that the employment in the construction and government sectors fell, while there were more jobs for temporary workers. The Labor Department said it was unclear how much the severe snow storms had affected hiring and firing.