National Jobless Rate Falls to 4.7%, Lowest Level Since '01

Summary


CHICAGO The nation's unemployment rate unexpectedly declined last month to 4.7 percent from 4.9 percent, the lowest level since mid-2001, as the job market continued to strengthen, a Labor Department report indicated Friday.

"The economic expansion has matured to the point where corporate America feels it's safe to staff up," said Clear View Economics economist Ken Mayland.

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National Jobless Rate Falls to 4.7%, Lowest Level Since '01

The decline in the jobless rate was welcome news for most ...

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