Unemployment rate drop 6.3% from 6.7%, lowest since fall 2008, looking for a prospective spring revival in the economy that offers hope of faster growth in coming months.
The economy created 288,000 nonfarm jobs last month, making the best performance since a 360,000 gain in January 2012, the unemployment rate meanwhile, dropped to 6.3% from 6.7%, the lowest level since September 2008.
It was noted that there was an increase in hiring, almost all the major industry had added jobs, professional jobs on the other hand surged to 75,000 and the service industry too posted large gains.
So far in 2014 the economy has gained an average of 214,000 jobs a month, well ahead of the 2013 pace of 194,000.
What can this mean for the U.S economy now ?