US Adds 236K Jobs, Unemployment Falls to 7.7%

By: Associated Press Email
By: Associated Press Email

Statement from U.S. Senator Harry Reid, (D-NV):

“Today’s numbers show that our economy is growing, and is poised to grow even faster in the months to come. There is still much work to be done to bring unemployment down in Nevada and across the nation. The first step is to replace the sequester with a balanced combination of smart spending cuts and policies that close wasteful tax loopholes and ask millionaires to pay their fair share. But this can only be done with cooperation from my Republican colleagues. The American people expect solutions from their elected officials. It is up to Congress to provide them with the solutions they deserve."

Statement from U.S. Senator Dean Heller, (R-NV):

“Today’s decrease in the unemployment rate is encouraging, and I hope this is a positive pattern for our economy. Considering this jobs report comes at a time when Nevada leads the nation in unemployment and our state’s gaming revenues declined as recently as January, we still have a long way to go towards securing the economic recovery the Silver State needs. 

 As Nevada and our nation continue to struggle with high unemployment, finding common ground to move our nation forward is more critical today than ever. Congress has not passed a budget in nearly four years, and our nation is nearly $17 trillion in debt. Just this week, I introduced a bipartisan jobs bill to help address the skills gap and ensure that workers are being trained for the jobs that are available. Common sense measures like this will not only place our country on the right economic path, but help get Americans back to work,” said Senator Dean Heller.

 

WASHINGTON (AP) - U.S. employers ramped up hiring in February, adding 236,000 jobs and pushing the unemployment rate down to 7.7 percent from 7.9 percent in January.

Stronger hiring shows businesses are confident about the economy, despite higher taxes and government spending cuts.

The government's February employment report was filled with mostly encouraging details. The unemployment rate is now at its lowest level in four years.

Hiring has averaged more than 200,000 per month since November. Wages increased. And the job gains were broad-based, led by the best construction hiring in six years.

One negative detail: employers added fewer jobs in January than first estimated. Job gains were lowered to 119,000 from an initially reported 157,000. Still, December hiring was a little better than first thought, with 219,000 jobs added instead of 196,000.


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