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March 5, 2010

Unemployment Remains Steady

The national unemployment rate remained steady at 9.7 percent in February, according to the U.S. Bureau of Labor Statistics.

Construction and information sector jobs continued their downward spiral of losses, while the temporary staffing and health industries continued recent gains.

Construction jobs fell by 64,000 last month while the information sector dropped 18,000 jobs. Temporary employment rose by 48,000 jobs and retail jobs remained steady after posting gains in January.

In total, an estimated 14.9 million workers are unemployed in the country, a decrease of a 36,000 from January's totals, but not enough to change the national percentage.

The number of involuntary part-time workers increased from 8.3 million to 8.8 million in February, the government reported. About 2.5 million workers have been searching for a job for more than four weeks, and of that about 1.2 million Americans have given up looking for work because they don't believe they can find a job.

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