Career and Job-Hunting Blog
Career and job-search news, trends, and scoops for job-seekers, compiled by the staff of Quintessential Careers.
|Career and Job-Hunting Blog Index|
|March 7, 2010|
Job losses drop again in February, while unemployment holds steady, but a job market recovery is still years away.
The U.S. Labor Department announced on Friday that the economy lost only a net of 36,000 jobs in February — much fewer than the 68,000 jobs economists were expecting — while the unemployment rate held steady at 9.7. The numbers were a bit worse than January, which had a revised loss of 26,000 jobs.
Construction workers continued to be one of the worst-hit employment sectors, where employers cut 64,000 jobs in February — pushing the industry unemployment to a rate of just above 27 percent.
Temporary employment had another big gain in February, raising hopes that a broader job market recovery is coming.
Still, many economists predict the job market will not fully recover for several years.
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