Good News About Jobs - Spokane, North Idaho News & Weather KHQ.com

Good News About Jobs

NEW YORK (CNNMoney) - The jobs outlook brightened in February, as strong business hiring helped trim unemployment to its lowest level in nearly two years.

The unemployment rate fell to 8.9% last month, from 9.0% in January, the best reading since April of 2009. The unemployment rate has now fallen nearly a full percentage point in the last three months, the most rapid improvement in nearly 28 years.

Economists surveyed by CNNMoney were expecting the unemployment rate to edge up to 9.2%. The economy gained 192,000 jobs in the month, roughly in line with economists' forecast of 190,000 jobs. Businesses added 222,000 -- their best hiring month since last April -- while state and local governments cut 30,000 jobs.

Another good sign: More jobs were added in the previous two months than originally thought. Readings for December and January were revised upward by a combined 58,000 jobs.

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