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Report: U.S. Jobs Creation Far Below Expectations

NPR's Jack Speer reports on another disappointing jobs report. The U.S. Department of Labor reported Friday that business payrolls rose by 21,000 in February -- much weaker than the 125,000 new jobs economists were expecting. The unemployment rate held steady at 5.6 percent, but it was the number of workers who gave up on finding a job that kept the unemployment rate from going up.

Copyright 2004 NPR

Jack Speer
Jack Speer is a newscaster at NPR in Washington, DC. In this role he reports, writes, edits, and produces live hourly updates which air during NPR programming.