Monday, March 7, 2011

Analysis: Finally, jobs data showing some consistency

http://reut.rs/hKXDLz


For the first time in months, the Labor Department's job market assessment matches up with private surveys showing a pick-up in employment that is finally fast enough to put a substantial dent in the unemployment rate.



Construction, manufacturing and services all contributed to the slightly stronger-than-expected February payroll gain of 192,000 jobs.



The dip in the jobless rate to 8.9 percent also shows a strengthening labor market.


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