US unemployment rate falls to new two-year low of 8.8%
 

The US unemployment rate fell to a new two-year low in March of 8.8%, from 8.9% in February.

It was the fourth monthly fall in a row. The unemployment rate has fallen by a percentage point during the last four months.

Employers created 216,000 jobs in March, the US Department of Labor said, higher than market expectations.

Other economic data showed a slight dip in manufacturing in March, although the report was seen as broadly positive.

The Institute for Supply Management's (ISM) index of national factory activity dipped to 61.2 last month from 61.4 in February.

http://www.bbc.co.uk/news/business-12935003

Note: 1 April 2011 Last updated at 15:49 GMT

Could have fooled me. My employer laid off more people the other day.

Isn't this the measure of new unemployment claims? It doesn't show hiring....it shows unemployment claims, not those who's claims have expired or those who have given up looking for work.

No. The non-farm payrolls report is just that - payrolls.

But this isn't the 'non-farm payrolls report ', its the un-employment 'claims' report.

By whom?

No, it isn't. This is the non-farms payroll report. If you would have looked at the link I provided, you would see that.

Economic analysts, Perhaps

I didn't see it because the OP stated it as un-employment report. I think if you want to look toward the 'non-farm payrolls report' you could post it as a new topic. I'll watch it then.

Stop Trolling Me!

Must be the result of all those "job-killing" policies of the Obama administration... :DL

These are probably government jobs! After all manufacturing was down. Who needs new employees when business is down? :hmmm:

The number of job losers and persons who completed temporary jobs, at 8.2 million, was little changed in March.



Thank you for providing a link to a government site.

It is a move in the right direction. :yep:

Perhaps there is more to the economy of the entire country than the company you work for? :D