Positive Economic News

New Employment Numbers Out.


Jobless Rate Falls, 180,000 Jobs Added

Unemployment Matches 5-Year Low; Jobs Surge by 180,000

WASHINGTON (AP) -- If you were looking for a job as a teacher last month, you were in luck. Same goes for health workers, retail clerks and building contractors.

All told, the economy added 180,000 new jobs, dropping unemployment to a 4.4 percent rate that matched a five-year low.

But there were many more job winners than losers. Construction jobs led the way, especially for contractors and for commercial building. Retailers, health care providers, educational services and leisure and hospitality companies were among those boosting their payrolls.

"Businesses have a very good appetite for hiring workers. The job market is sturdy," said Mark Zandi, chief economist at Moody's Economy.com. "It is a good time to be looking for a job, particularly if you have skills and education."

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