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US Jobless Rate Falls to Lowest Level in Nearly 7 Years

The U.S. economy is showing more signs of improvement, with the unemployment rate creeping down to 5.5 percent in February, its lowest rate since May 2008. Friday’s report from the Labor Department showed the economy had inched down from the January rate of 5.7 percent, with a net gain of 295,000 jobs. That surpassed the expectations of economists polled by Reuters news agency, who’d predicted a bump to 5.6, with a net gain of 240,000 jobs. It also may encourage the Federal Reserve to...

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