04 Mar 2011 Steady Plodding
Posted at 14:55h
in The Friday Brief
The unemployment situation in the US appears to be improving marginally with the latest government release of data. Employers added 192,000 workers in February and the unemployment rate unexpectedly declined to 8.9%, the lowest level since April 2009. During his Congressional testimony this week Fed Chair Ben Bernanke said there were “grounds for optimism” about the labor market in the coming months.