Sarah Hewin
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US unemployment rate falls

The US unemployment rate fell slightly to 8.9% in February, down from 9% the month before.

It is the third month in a row that the jobless rate has fallen, with February's figure marking a near two-year low.

Employers added 192,000 jobs last month, the US Labor Department said, above market expectations.

But Standard Chartered's senior economist Sarah Hewin says the ''US isn't out of the woods yet''.

  • 04 Mar 2011