Unemployment Remains At 8.3 Percent


The streak of lower unemployment numbers each month ended after five straight months, but held steady in February, the Labor Department announced Friday.

Employers added 227,000 jobs last month, enough to keep unemployment at 8.3 percent for February, the same as it was in January and maintaining a three-year low. This met the expectations of analysts, who predicted a gain of more than 200,000 jobs.

Economists say the last three months have generated more jobs than almost any other stretch since the recession began; the only period better was early 2010.

Another encouraging sign that the economy is on the mend: nearly all of the people who began looking for work in February found a job, the Labor Department said. There was also a significant rise in the number of people job-hunting last month, which suggests a growing optimism in the job market.

Though promising, the economy still has a ways to go before reaching pre-recession numbers. Almost 9 million jobs were lost during the financial crisis, and to date, only 3.5 million jobs have been added back.

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  • by Obama on Mar 10, 2012 at 11:36 AM
    Where are all my supporters? They should be on here saying how great this is! All hail me! King of America!
    • reply
      by Jeff on Mar 11, 2012 at 08:08 PM in reply to Obama
      I'm no fan of Obama but it was Bush that augered the country into the ground.
  • by 9.8!!!!! Location: Real numbers on Mar 9, 2012 at 12:17 PM
    Counting Americans who are looking for work, the jobless rate is 8.3%, same as January. BUT, counting those who stopped looking for work within the last year, the rate is 9.8 percent .And in all of the above, plus those who settled for part-time jobs, the rate is 14.9 percent.
    • reply
      by psst on Mar 9, 2012 at 10:58 PM in reply to 9.8!!!!!
      We've been in the double digits for a few years now, but I guess ignorance is bliss and the sheeple will believe anything.
      • reply
        by Jeff on Mar 11, 2012 at 08:09 PM in reply to psst
        Nobody here believed the figures. What's your point other than trying to make youself sound aloof.
        • reply
          by LOL.... on Mar 11, 2012 at 10:10 PM in reply to Jeff
          Who's trying to sound "aloof"?
  • by NO WAY Location: Gutter on Mar 9, 2012 at 11:04 AM
    Must Be Because there is no MMJ. Vote MMJ.
  • by Common Sense Location: C/S on Mar 9, 2012 at 09:17 AM
    "Almost 9 million jobs were lost during the financial crisis, and to date, only 3.5 million jobs have been added back" Well those are a lot of jobs not tracked by the skewed Government numbers.....
  • by Gallop says 9.1% on Mar 9, 2012 at 09:15 AM
  • by Anonymous on Mar 9, 2012 at 09:04 AM
    can't hepp what the gub-mint sez...unemployment remains at about thirty percent across the country.
  • by hmm on Mar 9, 2012 at 06:06 AM
    Obama math makes no sense, yesterday they said 3 million new claims for unemployment were filed last week. Don't believe the lies things are not getting better, vote this gutter trash out!
  • by Nath Location: Colo Spgs on Mar 9, 2012 at 05:56 AM
    8.3% U-3 figure, times two to get the more accurate U-6 number. Of course the government is going to use the number that makes them look better.
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