U.S. employers stepped up hiring in February and the jobless rate fell to its lowest level since the spring before President Barack Obama took office, which could put pressure on the Federal Reserve to raise interest rates in June. Nonfarm payrolls increased 295,000 last month after rising 239,000 in January, the Labor Department said on Friday. The unemployment rate dropped two-tenths of a percentage point to 5.5 percent, the lowest since May 2008, slipping into territory that some Fed officials consider consistent with full employment. "The labor market is on a roll.
COLUMBIA, S.C. (AP) — Attorney General Eric Holder declined to answer questions Friday about a possible corruption indictment against Sen. Bob Menendez, despite reports that he recently authorized federal prosecutors to file charges against the New Jersey Democrat concerning his ties to a wealthy friend and political donor.