Unemployment Falls To 7.7% As Employers Are Hiring Again

AP
Updated
unemployment rate 7.7 percent new jobs
unemployment rate 7.7 percent new jobs

By Christopher S. Rugaber

WASHINGTON -- 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.

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