{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='US unemployment at its lowest level since 2008' data-url='/boclips/videos/5c54c38ed8eafeecae162269' data-video-url='/boclips/videos/5c54c38ed8eafeecae162269' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nUS unemployment at its lowest level since 2008\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eAP TelevisionFebruary 27, 2013 - Atlanta, Georgia1. Wide of job seekers walking up stairs at career fair2. Mid of job seekers talking amongst themselves at fairAP Television March 8, 2013 - New York, NY3. SOUNDBITE: (English) Jordan...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eAP Television\u003cbr/\u003eFebruary 27, 2013 - Atlanta, Georgia\u003cbr/\u003e1. Wide of job seekers walking up stairs at career fair\u003cbr/\u003e2. Mid of job seekers talking amongst themselves at fair\u003cbr/\u003eAP Television \u003cbr/\u003eMarch 8, 2013 - New York, NY\u003cbr/\u003e3. SOUNDBITE: (English) Jordan Goodman, personal finance expert and author of \"Fast Profits In Hard Times\":\u003cbr/\u003e\"Well, today's jobs report is much better than expected. Wall Street had been looking for about 160,000 new jobs, the government reported 236,000 new jobs. Across the board, much better than expected, in manufacturing, in construction, in education and service. It's really a very, very good report.\"\u003cbr/\u003eAP Television\u003cbr/\u003eFebruary 28, 2013 - Dearborn, Michigan\u003cbr/\u003e4. Mid of a job seeker handing a resume to a prospective employer\u003cbr/\u003e5. Wide of a job seeker and a prospective employer shaking hands \u003cbr/\u003eAP Television \u003cbr/\u003eMarch 8, 2013 - Washington D.C.\u003cbr/\u003e6. SOUNDBITE: (English) Alan Krueger, Chairman of the Council of Economic Advisers:\u003cbr/\u003e\"You know I think if you look at today's report and some of the other indicators that have been coming in, unemployment insurance claims, ISM (Institute for Supply Management Report) numbers, auto sales, we see a picture of an economy that is continuing to recover.\"\u003cbr/\u003eAP Television\u003cbr/\u003eFebruary 28, 2013 - Dearborn, Michigan\u003cbr/\u003e7. Tight shot of two prospective employers look over job seekers' resumes\u003cbr/\u003e8. Tight shot of a job seeker writing on her resume\u003cbr/\u003eAP Television \u003cbr/\u003eMarch 8, 2013 - New York, NY\u003cbr/\u003e9. SOUNDBITE: (English) Jordan Goodman, personal finance expert and author of \"Fast Profits In Hard Times\":\u003cbr/\u003e\"Well this is very positive for the economy, we have the unemployment rate coming down from 7.9 to 7.7 (percent) and you get more confidence among employers to hire even more people, so it's got a certain momentum. That's been very, very positive for the stock markets. The stock market took off like a rocket when it heard this news. We're going to hit another all time high with the Dow Jones industrials, possibly S\u0026amp;amp;P 500 today. When you have more people employed and you have more income in the economy that means earning are going to better. It's just very positive for most of the economy and the markets.\"\u003cbr/\u003eAP Television\u003cbr/\u003eFebruary 28, 2013 - Morgantown, West Virginia\u003cbr/\u003e10. Tight shot: benefit brochures at healthcare jobs fair\u003cbr/\u003e11. Wide shot: sign at front of healthcare jobs fair\u003cbr/\u003e12. SOUNDBITE: (English) Annette Belcher, human resources specialist for WVU Healthcare: \u003cbr/\u003e\"We have about 350 positions open between all the departments at WVU Healthcare, anything from housekeeping to dietary to nursing assistants - we call them clinical associates - clinical laboratory positions, clerical-type jobs and nursing positions.\"\u003cbr/\u003e13. Mid of Annette interviewing an applicant\u003cbr/\u003eAP Television \u003cbr/\u003eFebruary 27, 2013 - Atlanta, Georgia\u003cbr/\u003e14. Wide of job seekers and employers at job fair inside exhibition area\u003cbr/\u003e15. Mid of candidates and employers discussing positions\u003cbr/\u003e16. Tight of career opportunities brochures at employer's table\u003cbr/\u003e17. SOUNDBITE: (English) Veronia Blose, job seeker, out of work for 2 years: \u003cbr/\u003e\"I feel that for the last two years that I have looked for a job I haven't been able to cross the path of either age, you know they're looking for somebody younger or for somebody who has been focusing in their industry and I have just not fitted that pattern that they are looking for.\" \u003cbr/\u003e18. Wide of job candidates waiting to be called into fair\u003cbr/\u003eA burst of hiring last month in the US added 236,000 jobs and reduced the unemployment rate to 7.7 percent from 7.9 percent in January. \u003cbr/\u003eThe robust gains suggested that the economy can strengthen further despite higher taxes and government spending cuts.\u003cbr/\u003eThe February jobs report issued on Friday provided encouraging details: The unemployment rate is at its lowest level in four years. \u003cbr/\u003eJob growth has averaged more than 200,000 a month since November. Wages rose. And the job gains were broad-based, led by the most construction hiring in six years.\u003cbr/\u003eThe unemployment rate, which had been stuck at 7.8 percent or above since September, declined mostly because more people found work. \u003cbr/\u003eAnother factor was that 130,000 people without jobs stopped looking for work last month. The government doesn't count them as unemployed.\u003cbr/\u003eThe unemployment rate is calculated from a survey of households. The job gains are derived from a separate survey of employers.\u003cbr/\u003eThe 236,000 jobs that were added in February is a historically solid total. And it would have been higher if governments were contributing to job growth, rather than subtracting from it as they have for nearly four years. \u003cbr/\u003eGovernments cut 10,000 jobs in February.\u003cbr/\u003eIf federal, state and local governments were adding their long-term combined average of 20,000 to 25,000 jobs a month, February's total job gains would have been around 260,000.\u003cbr/\u003eHiring has accelerated since summer. Employers have added an average of 191,000 jobs a month from December through February. \u003cbr/\u003eThey had averaged 181,000 gains from September through November and 135,000 from June through August.\u003cbr/\u003eStock prices rose modestly on Friday morning after the report was released at 8:30 a.m. Eastern time. Another day of stock gains would give the Dow Jones industrial average its fourth straight record close.\u003cbr/\u003eThe government said employers added slightly fewer jobs in January than the government had first estimated. Job gains were lowered to 119,000 from an initially estimated 157,000. \u003cbr/\u003eStill, December hiring was a little stronger than first thought, with 219,000 jobs added instead of 191,000.\u003cbr/\u003eRobust auto sales and a steady housing recovery are spurring more hiring, which could trigger more consumer spending and stronger economic growth. \u003cbr/\u003eThe construction industry added 48,000 in February; it's added a solid 151,000 since September. Manufacturing gained 14,000 jobs last month and 39,000 since November.\u003cbr/\u003eRetailers added 24,000 jobs, a sign that they anticipate healthy consumer spending in the coming months. Education and health services gained 24,000. \u003cbr/\u003eAnd the information industry, which includes publishing, telecommunications and film, added 20,000, mostly in the movie industry.\u003cbr/\u003eThe economy is generating more higher-paying jobs in industries like accounting, engineering and information technology. That's raising average pay, which will help offset the hit that Americans took from higher Social Security taxes and gas prices.\u003cbr/\u003eHourly wages rose 4 cents to $23.82 last month. Wages have risen 2.1 percent over the past year, slightly ahead of inflation. \u003cbr/\u003eHigher pay is vital to the economy because consumer spending drives 70 percent of economic activity.\u003cbr/\u003e\"This is very positive for the economy,\" says Jordan Goodman, a personal finance expert and author of 'Fast Profits In Hard Times'. \"You get more confidence among employers to hire even more people.\"  \u003cbr/\u003eThe improved job market can also benefit countries that sell goods and services to U.S. consumers and businesses.\u003cbr/\u003e\"I think if you look at today's report and some of the other indicators that have been coming in, unemployment insurance claims, ISM numbers, auto sales, we see a picture of an economy that is continuing to recover,\" says Alan Krueger, Chairman of the Council of Economic Advisers for the Obama administration. \u003cbr/\u003eImports rose two percent in January from December. Those from China surged 7 percent.\u003cbr/\u003eThe U.S. economy is benefiting from the Federal Reserve's drive to keep interest rates at record lows. Lower borrowing rates have made it easier for Americans to buy homes and cars and for companies to expand.\u003cbr/\u003eThe Fed and other key central banks have taken extraordinary steps to pump money into their financial systems to try to spur borrowing and spending, boost stock prices and stimulate growth.\u003cbr/\u003eThe Fed has said it plans to keep the benchmark rate it controls near zero at least until the unemployment rate has fallen to 6.5 percent, as long as the inflation outlook remains mild.\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv 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