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Report. total new jobs, created 192,000. but the news gets better. the government, state and local governments, lost 30,000 jobs. so private sector growth was 222,000. >> that's great news. >> that's a great number. more good news. we added 58,000 new jobs on revisions to january and december. so you have really got a net change here of -- 300-i beg your pardon. 270,000 new jobs. this is the biggest number since may of 2010 and the rate, as we talked about last month, that's politically important if not economically important, fell to 8.9%. just two months ago that was 9.4%. so -- but there's ...

368,000 people filed for unemployment benefits in february. and while that obviously is a lot, it is actually the lowest figure since may of 2008. now, in terms of the unemployment rate, still grim. overall, though, it's improved from a financial crisis, the high of 10.1% october, 2009, not that much. the new figure for february will be about 9.1%. and economists estimate that 192,000 jobs were created during the month. so bear that figure in mind when you hear them, andrew. 192,000. >> it'll be interesting to see if they hit that. a lot of people saying the u.s. economy is growing perhaps a l...

Lowest level in two years. the service sector helped lead the way which accounts for somewhere near 90 percent of the u.s. workforce and it is expanding at the fastest rate in five years. and now peter from the fox business network at the white house. if you drill down on the numbers you can find out who is hiring and firing. >>reporter: well, overall the economy created 192,000 jobs last month. but, state and local governments which are in big trouble, cut 30,000 jobs so if you factor that in the private sector created 220,000 jobs last month, the high of the since may of last year, 152,000 o...

Crisis. the economy created 192,000 jobs last month, giving hope to some of those who are looking for work. but ping slips not going away just yet. state and local governments cut 30,000 jobs. a few moments ago i spoke with austin goolesby, he is the president's top economic advisers. i asked him what he thought was the biggest threat to job growth. >> we had a very solid job report today, which clearly shows that the private sector is standing back up, and that a lot of the initiatives like the bi-partisan tax deal of december are laying the groundwork that we can grow. i think the threats to...

Our economy has now added 1.5 million private sector jobs in the last year. and that's progress. but we need to keep building on that momentum. >> president obama just moments ago talking about the big news of the day. we've got employment rate falling to the lowest point in nearly two years. the rate dropping last month to 8.9%, adding 192,000 new jobs. unfortunately, it's not enough to make much of a dent in the nation's big numbers. people are out of work and no longer looking. when you add it all up, the real unemployment rate is closer to 16%. here's the key fact that you need to know. th...