U.S. unemployment drops to 7.7 percent in February
The U.S. unemployment rate dropped to 7.7 percent in February, the lowest level since 2008, CNN Money reported.
The figures, which come from a Labor Department report released today, count 12 million workers as unemployed, which CNN reports is due in part to 130,000 people dropping out of the labor force.
Additionally, the U.S. economy saw an increase of 236,000 jobs in February, compared to 119,000 new hires in January. However, the economy has only gained back about two-thirds of jobs lost during the financial crisis, and about 40 percent of unemployed workers have been jobless for at least six months.
According to a report from the Bureau of Labor Statistics (BLS), unemployment rates for mining, quarrying and oil and gas extraction decreased to 6.1 percent in March 2013, versus 6.3 percent a year ago. Those percentages amount to 72,000 unemployed workers in those sectors in March 2013, compared to 62,000 jobless in March 2012.
CNN reported that the construction sector as a whole, which accounted for about 25 percent of the 8.8 million jobs lost in the financial crisis, added 48,000 jobs in February and 151,000 over the past five months.
From our partners
Sandvik Construction’s extensive range of rock tools are world renowned for combining…
MORE FROM Aggbeat Online
SUBSCRIBE & FOLLOW
- Quarry worker safety is a big deal in the U.S., but not everywhere in the world322 Views
- Historical aggregate landmark disappears into Lake Superior229 Views
- Ice climbing at Casket Quarry199 Views
- Can John Oliver's stand on U.S. infrastructure do for highway funding what “Last Week Tonight” did for net neutrality? (VIDEO)180 Views
- Telsmith sponsors white paper on permitting147 Views