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U.S.A.! Unemployment Hits Four-Year Low Construction laborer in San Mateo, Calif., on Feb. 20. (Justin Sullivan/Getty)

Unemployment Hits Four-Year Low

The Bureau of Labor Statistics delivered a surprising jobs report Friday—finally some good news. An estimated 236,000 jobs were added in February, and the unemployment rate dropped unexpectedly to 7.7 percent, a four-year low. The better-than-anticipated numbers are a good sign that the economy will be able to handle incoming spending cuts and tax hikes.

March 8, 2013 8:36 AM