Jobs improving but fragile, CUNA tells Wash. Post
WASHINGTON. (3/9/10)--The economy is on the mend, but it is still fragile, a Credit Union National Association (CUNA) economist told The Washington Post Saturday.
"The economy seems to be improving gradually, but the improvement is so gradual and fragile that we're hunting around for clues of where we're truly going," Bill Hampel, CUNA chief economist, told the Post.
The U.S. shed 36,000 jobs in February and the unemployment rate remained at 9.7%, according to a Labor Department report last week.
The largest February job losses were in the construction sector, which lost 64,000 positions, supporting the idea that snowstorms nationwide negatively affected employment, the newspaper said.
Many hourly construction workers were unable to work during the second week of February, when much of the Northeast had two feet of snow on the ground, the paper said.
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