U.S. Economy Continues To Add Jobs


Recent data from the Com­merce and Labor Depart­ments does not sup­port the fear of a pos­si­ble reces­sion in the 4th quar­ter, 2007. The U.S. econ­o­my added 97,000 new jobs in Feb­ru­ary; Decem­ber and Jan­u­ary jobs fig­ures were revised up; and the unem­ploy­ment rate dropped to 4.5%. This good news has ana­lysts believ­ing that the Fed­er­al Reserve will not raise short term inter­est rates at its next meet­ing, and that mod­er­ate growth can be expect­ed in the near term.