Pursuits
Jobless Rate in U.S. Decreased to 8.9%, Lowest Since April 2009
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Joblessness in the U.S. unexpectedly fell to 8.9 percent in February, the lowest level in almost two years, and employers boosted payrolls amid growing confidence in the expansion.
The rate dropped for a third straight month and employment climbed by 192,000, according to Labor Department figures released yesterday in Washington. The median estimate in a Bloomberg News survey of economists projected unemployment would climb to 9.1 percent.