January jobs report: Hiring ramps up, unemployment falls |CNN Money Feb. 3, 2012


Employers added 243,000 jobs in January, up from 203,000 in December. All gains were in the private sector as government employment is still falling. The unemployment rate fell to 8.3%, the lowest since February 2009. Expected performance in January was 130,000 additional jobs and an unemployment rate of 8.6%. Economists are excited by the news but caution that there is still a long way to go. The economy still needs to add 5.6 million jobs to return to 2008 levels.



Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: