U.S. Adds 295,000 Jobs In February; Unemployment Rate Falls To 5.5 Percent

U.S. Adds 295,000 Jobs In February; Unemployment Rate Falls To 5.5 PercThe U.S. economy added 295,000 jobs in February, as the unemployment rate fell to 5.5 percent, the Bureau of Labor Statistics reported Friday.

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WASHINGTON (AP) — U.S. employers extended a healthy streak of hiring in February by adding 295,000 jobs, the 12th straight monthly gain above 200,000.

The Labor Department said Friday that the unemployment rate fell to 5.5 percent from 5.7 percent. But the decline in the rate occurred mainly because some people out of work stopped looking for jobs and were no longer counted as unemployed.ent, Read More