Daily News - Summary Box: Unemployment sinks to two-year low (AP)

Daily News - Summary Box: Unemployment sinks to two-year low (AP) Daily Business News

• Play Video Economy Video:Jobs trickle back in, Unemployment falls to 8.8% AP
• Play Video Economy Video:AP Top Stories AP

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By The Associated Press The Associated Press – Fri Apr 1, 4:24 pm ET

HIRING BURST: The economy is getting a lift from the strongest two months of hiring since before the recession began, and many companies say they plan to add more jobs.

WELCOME NEWS FOR OBAMA: The increased hiring has dropped the unemployment rate to 8.8 percent, a two-year low. It's an encouraging sign for the unemployed and for President Barack Obama's re-election prospects.

BUT SOME JOBSEEKERS STILL WARY: The job gains haven't led many people who stopped looking for work during the recession to start again. Fewer than two-thirds of American adults are either working or looking for work — the lowest participation rate in 25 years.

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