February Jobs Report Beats Expectations But Losses Continue

Posted on March 5, 2010

36,000 jobs were lost in February according to the latest report from the U.S. Bureau of Labor Statistics (BLS). The unemployment rate held steady at 9.7 percent. The hard hit construction sector has lost 1.9 million jobs since December, 2007. The Christian Science Monitor reports that future indicators are seeing an immediate turnaround for construction.