Burst of Hiring Could Mark Turning Point for Jobs
Press release from the issuing company
Monday, March 7th, 2011
Companies added more workers in February than in any month in almost a year - a turning point for the economy that finally pushed the unemployment rate below 9 percent. Economists say the stronger hiring should endure all year.
The 222,000 jobs the private sector created more than offset layoffs by financially squeezed state and local governments. They slashed 30,000 jobs, the most since November.
