Employers, meanwhile, added 97,000 new jobs to their payrolls in February, the fewest in two years, as bad winter weather forced construction companies to slash 62,000 jobs, the most since 1991. Factories, feeling the strain of the troubled housing and auto industries, also continued to cut jobs. They eliminated 14,000 positions last month.It was considered good news because it was close to the estimate, which was crappy to start with (I'll continue to remind you that you need 150,000 new jobs per month to keep up with population growth). Despite the revision of the past two months upward actually creating 50,000 new jobs (above population growth), this economic "boom" has been one of the most tepid in terms of job growth. And not only have jobs been less abundant, but the types of jobs have changed to lower paying with fewer benefits.
U.S. Economy: Jobless Rate Drops, Easing Concerns
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