The unemployment rate dropped unexpectedly in January to 9.7 percent, while employers shed 20,000 jobs, according to a report that offered hope the economy will add jobs soon.
Jobless Rate Holds Steady, Raising Hopes of Recovery
The economy in February shed 36,000 nonfarm jobs, fewer than forecast, as the unemployment rate held at 9.7 percent, the Labor Department said on Friday.
467K jobs cut in June; jobless rate at 9.5 percent
Employers cut a larger-than-expected 467,000 jobs in June, driving the unemployment rate up to a 26-year high of 9.5 percent, suggesting that the economy's road to recovery will be bumpy.
Wall Street tumbles after grim jobs report
U.S. stock prices plunged Friday after the government said the economy added no net jobs last month and the unemployment rate was unchanged at 9.1 percent.
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