Unemployment Steady at 8.3%

Economy adds 227K jobs in February, more than expected

By Evann Gastaldo,  Newser Staff

Posted Mar 9, 2012 7:44 AM CST

(Newser) – The unemployment rate held steady at 8.3% in February as had been expected, today's jobs report shows. And good news: The economy added 227,000 jobs last month, when only 213,000 had been expected, the Wall Street Journal reports, noting that stock futures were up after the announcement. December and January jobs figures were also revised upward. The result? An average of 245,000 jobs have been added for each of the past three months, which is double the pace the US saw between May and November.

Job seekers stand in line during the Career Expo job fair Wednesday, March 7, 2012, in Portland, Ore.
Job seekers stand in line during the Career Expo job fair Wednesday, March 7, 2012, in Portland, Ore.   (AP Photo/Rick Bowmer)
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