Official numbers have confirmed that the rate of unemployment across US managed to stay at 9.7% throughout February, and employers axed fewer jobs than initially expected, hinting that there is a definite improvement in the labor market, despite the blizzards in the East Coast forcing temporary closing of some businesses.

Over the past month, payrolls managed to drop by 36,000, after a revised decline of 26,000 during January, as has been revealed in a Labor Department report which was released yesterday in Washington.

The overall rate of unemployment, which has not increased since October of 2009, managed to stay putt at 9.7%, even as more people gained employment.

"The weather effects were enough to transform what would’ve been a positive into a negative. Job growth is happening as we speak. Companies are seeing a stabilization of demand", said David Resler, Chief Economist at Nomura Securities International Inc. in New York, while taking about the payrolls.