THE US has announced better-than-expected jobs data, with the unemployment rate falling and solid jobs growth in February.
The jobless rate fell to 7.7 per cent, from 7.9 per cent in January, and a net 236,000 jobs were gained, the government said on Friday.
The last time the jobless rate was as low as 7.7 per cent was in December 2008.
The numbers were much better than analysts expected. The average estimate was for the jobless rate to remain stuck at 7.9 per cent for the second month in a row and additional jobs to total 165,000.
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