Unemployment Rate Holding Steady as US Economy Improves

March 12, 2012 James Heinsman Economic Barometer

The unemployment rate is one of the main economic indicators for the health of the US economy. Since the fall there has been a steady decline in this number since the summer of 2011, when it reached a little over 9 percent. As of February, 2012 the rate is holding at 8.3 percent.

According to the Bureau of Statistics US nonfarm payroll employment went up by 227,000 during the month of February, while the unemployment rate did not change from January’s rate.

In several sectors the number of employed people rose, including in professional and business services, health care, social assistance, leisure and hospitality, manufacturing and mining.
 

Unemployment rate, US economy,

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