US jobless rate at 5-year low
- Published: 8 Mar 2013 at 21.11
- Online news:
The unemployment rate in the United States fell to a five-year low of 7.7% in February, the Bureau of Labour Statistics said on Friday, adding to the upbeat mood surrounding the US economy.
News of the decline in joblessness, from 7.9% in January, was expected to produce a strong finish for stocks for the week on Wall Street, while markets in Europe were also up sharply.
A separate survey of employers found that non-farm payrolls grew by 236,000 last month. Growth was reported in the construction and healthcare sectors.
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