Friday, March 05, 2010

Unemployment

This report from The New York Times:

The American economy shed 36,000 nonfarm jobs in February as the unemployment rate held at 9.7 percent, the Labor Department said Friday, a more positive report than expected given the series of winter storms that shut down much of the East Coast.

The report interrupted a trend of easing in the recession-bleakened job market in recent months. But economists, whose forecasts for Friday's report had varied more widely than usual, said the February data may be substantially revised in the next few months' reports.

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