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Unemployment rate dips to 8.9%
The unemployment rate dipped from 9.0% in January to 8.9% in February, according to data released Friday morning by the Bureau of Labor Statistics.
Construction employment grew by 33,000 in February, following a decline of 22,000 in January that may have reflected severe winter weather, according to the bureau. Within construction, specialty trade contractors accounted for the bulk of the February job gain (+28,000).
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New chief at Home Depot Canada
ATLANTA -- The Home Depot announced that Bill Lennie has been named president, The Home Depot Canada, effective immediately. Lennie will replace Aaron Carmack, who is taking an extended leave of absence to attend to a personal illness.
"We are fortunate to have an executive with Bill's experience and leadership abilities who can quickly step into this critical role," said Frank Blake, chairman and CEO. "We wish Aaron the best and look forward to his return."