Unemployment rate drops to lowest level in almost 3 years - KCBD NewsChannel 11 Lubbock

Unemployment rate drops to lowest level in almost 3 years

The unemployment rate dropped last month to its lowest level in almost three years. The Labor Department's Report shows unemployment dropped to 8.5% with U.S. employers adding a net 200,000 jobs.

The economy has added 100,000 jobs or more each month for the past six months. In all of 2011 the economy added 1.6 million jobs. That's up from 940,000 jobs added in 2010.

President Obama is expected to talk about the report later today.

Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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