U.S. Labor Department data released on March 8, US February non-agricultural unemployment rate has dropped to the lowest since December 2008. It indicates that the U.S. economy is recovering powerfully.
The data showed that the U.S. unemployment rate in February fell to 7.7% from 7.9% in January. The non-agricultural sector had 236,000 more jobs and the private sector had 246,000 more jobs. In the same month, the U.S. labor total population was 155.6 million, down from 155.7 million in January, and he total number of unemployed dropped by 300,000 to 12.03 million.