U.S. jobs surge in February
The U.S. economy created 192,000 jobs in February, the best showing in almost a year for the world's largest economy.
Despite the gain, the unemployment rate only dipped by 0.1 percentage points to 8.9 per cent. The jobless rate has dropped 0.9 percentage points since November.
The Bureau of Labour Statistics said Friday that job gains occurred in manufacturing, construction and several service-providing industries.
The average work week was unchanged at 34.2 hours in February, while hourly average earnings increased by one cent to $22.87.
Since a recent low in February 2010, the U.S. has created 1.3 million jobs, or an average of 106,000 per month.
The private sector drove most of the gains, adding 222,000 positions. That's up from the 68,000 added in January.
Meanwhile, government cutbacks led to layoffs from cost-conscious administrations.
Employment in both state and local government edged down over the month. Local government has lost 377,000 jobs since its peak in September 2008.