Jobless rate at 3-year low as payrolls surge

Jobless rate at 3-year low as payrolls surge

4 March, 2012

showed that the created jobs at the fastest pace in nine months and the unemployment rate unexpectedly dropped to a near three-year low, giving a boost to President Barack Obama.

Nonfarm payrolls jumped 243,000, the Labor Department said recently, as factory jobs grew by the most in a year. The jobless rate fell to 8.3 percent – the lowest since February 2009 – from 8.5


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