17649
17729

Business

US economy adds 236,000 jobs

by The Canadian Press - Story: 88509
Mar 8, 2013 / 10:39 am

A burst of hiring last month added 236,000 U.S. jobs and reduced the unemployment rate to 7.7 per cent from 7.9 per cent in January. The robust gains suggested that the economy can strengthen further despite higher taxes and government spending cuts.

The February jobs report issued Friday by the Labor Department provided encouraging details: The unemployment rate is at its lowest level in four years. Job growth has averaged more than 200,000 a month since November. Wages rose. And the job gains were broad-based, led by the most construction hiring in six years.

Employers have been emboldened by a rebounding U.S. economy. The housing, auto and manufacturing sectors have improved. Corporate profits are strong. And the Dow Jones industrial average is at a record high.

The unemployment rate, which had been stuck at 7.8 per cent or above since September, declined mostly because more people found work. Another factor was that 130,000 people without jobs stopped looking for work last month. The government doesn't count them as unemployed.

The unemployment rate is calculated from a survey of households. The job gains are derived from a separate survey of employers.

The Canadian Press


Read more Business News

17631


Today's Market

S&P TSX 12751.69 +138.64
S&P CDNX 934.16 -0.52
DJIA 15341.27 +5.99
Nasdaq 3498.965 +33.722
S&P 500 1665.71 -0.58
Gold 1368.70 -15.6001
Lumber 316.00 -4.50
Oil 95.95 -0.76
Natural Gas 4.176 +0.086
CDN Dollar 0.9705 N/A

_


Okanagan Companies

Sun Rype 6.15 +0.15
Pacific Safety 0.05 +0.005
Knighthawk 0.02 0.00
QHR Technologies Inc 0.62 +0.07
Cantex 0.015 0.00
Anavex Life Sciences 0.525 -0.005
Metalex Ventures 0.085 +0.01
Russel Metals 27.48 +0.83
Copper Mountain Mining 1.58 +0.06
Colorado Resources 1.58 +0.10
ReliaBrand Inc 0.13 0.00

_







17280

FEATURED Property
1305319Lot #6 Raven Road Vernon, BC
$649,000
more details
image2image2image2
view all featured properties
Click here to feature your property
Please wait... loading


Tips for a stress-free summer move

The majority of Canadians prefer to make their big move during the summer season. There are a variety of reasons for choosing this time of year: it is easier to transport boxes in non-icy condition...


Income properties for sustained recovery

It appears as though more people these days are looking for an investment in real estate which offers cash flow returns. The fundamentals of cash flow type properties had been turned upsi...


Get in the Loop

Getintheloop Marketing Ltd. recently launched their membership platform, Getintheloop.ca. The new website offers an exclusive members area for access to discounts in the South Okanagan on premium res...

_


Previous Stories


17357

FIND MORE
Position yourself in the Okanagan's most visually comprehensive business directory.

Showcase your business like no other marketing can and Join the growing number of businesses that get more customers.
Learn more here



17153

RSS this page.
(Click for RSS instructions.)

Member of BC Press Council