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Unemployment Holds at 9.7%

Employers shed 36,000 jobs, fewer than expected

By the Associated Press

Posted Mar 5, 2010 7:38 AM CST | Updated Mar 5, 2010 8:18 AM CST

(AP) – The unemployment rate held at 9.7% in February as employers shed fewer jobs than expected. The Labor Department said employers cut 36,000 jobs, below analysts' estimates of 50,000. They had predicted the jobless rate would rise to 9.8%. The severe snowstorms that hammered the East Coast last month may have skewed the numbers, but the department wouldn't quantify the impact.

In this Feb. 24 photo, people wait in line to enter a jobs fair in New York City.
In this Feb. 24 photo, people wait in line to enter a jobs fair in New York City.   (AP Photo/Mark Lennihan)
Applicants attend a jobs fair in Detroit last month.
Applicants attend a jobs fair in Detroit last month.   (AP Photo/Paul Sancya)
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COMMENTS
Showing 3 of 14 comments
SilenceDogood
Mar 6, 2010 12:25 AM CST
Give it a few months, it will be back over 10%, and not to mention those that have fallen off the reports.
Count-Spatula
Mar 5, 2010 7:18 PM CST
What a triumph for the chessmaster.
(sneer)
BackAgain
Mar 5, 2010 4:44 PM CST
Go chase down some rich guy and take his. Including Hollywood's rich Dems. Wait how can there be a rich Dem? I thought they would donate "their" excess capital to "the cause" of the week.

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