Jobless Rate Falling Faster than Predicted

Three years into economic recovery, fewer people are now looking for jobs. Originally, experts predicted that the economy would need to add at least 150,000 a month to keep up with population and labor growth. However, in recent months over 200,000 jobs have been added monthly. Further, the unemployment rate could drop down to 7% by 2013, exceeding the previous expectations of 8.5%.