Friday, February 4, 2011

Unemployment Falls to 9.0%, Only 36K New Jobs

The job market is getting better. Really.

Feb-04-2011---NEW YORK -- Unemployment has tumbled by nearly a full percentage point in the last two months, even though employers didn't hire many people.

The reason the unemployment rate fell to 9.0% from 9.4% in January

is because of a large increase in people no longer counted as part of the workforce.

And that's the part of the report that has economists scratching their heads.

Video: Unemployment Falls to 9.0%, Only 36K New Jobs

U.S. jobless rate drops even as job growth disappoints

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