Fri, 05 Mar 2010 19:05:28 GMT
The US Job market has seen 36,000 jobs lost in February, a sign indicative of apparently no recovery despite efforts made to gradually bring the ailing economy back on track.
However, the figure released on Friday by US Labor Department fell well short of the 67,000 estimated earlier for the month.
Analysts have warned that the low claims count might be due to severe weather conditions in northeastern states.
The unemployment rate currently stands at close to 10-percent with almost 15 million Americans collecting benefits.
"Even though it's better than expected, it's more than we should tolerate," US President Barack Obama said following the report, according to AFP.
"Far too many Americans remain out of work, far too many families are still struggling in these difficult economic times," he said.
Obama promised to do more to promote job creation.
"That's why I'm not going to rest and my administration is not going to rest in our efforts to help people who are looking to find a job to help business owners who want to expand, feel comfortable, hiring again," he said.
On Thursday, House of Representatives passed a USD 15 billion measure to help reduce unemployment, after a similar move by the Senate.
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