New this morning:
- Jobless Rate Holds Steady, Raising Hopes of Recovery - Javier C. Hernandez/The New York Times
The economy lost fewer jobs than expected in February, the government reported Friday, bolstering hopes that a still-sputtering recovery was beginning to gain momentum.
The Labor Department said that the economy shed 36,000 jobs last month and that the unemployment rate remained steady at 9.7 percent.
- Stocks rise after better-than-expected jobs report - Stephen Bernard/AP/Buffalo News
- 25 Boom States - The Daily Beast
A list where New York is not last. [We're No. 33!]
- From the Business Today section of The Buffalo News:
- Region’s jobless rate rises to 9.2 percent - David Robinson/The Buffalo News
The unemployment rate in the Buffalo Niagara region hit its highest point in at least 20 years, jumping to 9.2 percent in January, the state Labor Department reported Thursday.
The increase in unemployment, which boosted the jobless rate by nearly a full percentage point from December’s revised rate of 8.3 percent, came as holiday-related jobs ended and hiring remained sluggish in a sputtering local economy.
- Economy gets double boost - Christopher S. Rugaber/AP/The Buffalo News
The economy is showing renewed strength as retail sales surged last month and factory orders also increased. Such gains could lead to more hiring — if they can be sustained.
Retailers said Thursday that store sales rose in February by the largest amount since November 2007. And orders to U.S. factories in January posted their sharpest rise in four months. It was another sign that manufacturing is helping drive the economic recovery.
- Pending home sales fall in January - Alan Zibel/AP/Buffalo News
Record snowstorms in January and February had many Americans shoveling sidewalks and driveways instead of combing through listings for open houses. Partly as a result, an index that tracks sales agreements fell 7.6 percent from December to a seasonally adjusted January reading of 90.4, the National Association of Realtors said Thursday.
-- George Pyle/The Buffalo News
taggedCurrent Affairs | The Economy