WASHINGTON (MarketWatch) — The U.S. economy churned out a robust 295,000 jobs in February, reducing the nation’s unemployment rate to the lowest level in almost seven years and extending the best stretch of job creation since the mid-1990s.
The latest employment report offers more proof the economy is likely to continue to chug along in the wake of the biggest spurt of hiring since the Clinton era. Many economists think the U.S. might achieve 3% annual growth in 2015 for the first time in a decade.
“The U.S. labor market is on fire,” said Neil Dutta, head of economics at Renaissance Macro Research.
The unemployment rate fell to 5.5% from 5.7%, marking the lowest level since May 2008 in the early stages of the Great Recession.
http://www.marketwatch.com/story/economy-gains-295000-jobs-in-february-2015-03-06
