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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsUnemployment rate hits 8.3 % after hiring burst, employers added 243,000 non-farm jobs in January
Unemployment rate hits 8.3 pct. after hiring burst
By CHRISTOPHER S. RUGABER
AP Economics Reporter
WASHINGTON (AP) -- The unemployment rate fell for the fifth straight month after a surge of January hiring, a promising shift in the nation's outlook for job growth.
The Labor Department says employers added 243,000 jobs in January, the most in nine months. The unemployment rate dropped to 8.3 percent from 8.5 percent in December. That's the lowest in nearly three years.
Employers have added an average of 201,000 jobs per month in the past three months. That's 50,000 more jobs per month than the economy averaged in each month last year.
The January jobs report was filled with other encouraging data and revisions. Hiring was widespread across many high-paying industries. Pay increased. And the economy added 200,000 more jobs in 2011 than first thought.
http://hosted.ap.org/dynamic/stories/U/US_ECONOMY?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2012-02-03-08-31-46
Raven
(13,909 posts)absolutely no help from the Republican Congress. This recovery would be faster if they had pitched in. We need to keep driving that point home.
Fuzz
(8,827 posts)usregimechange
(18,373 posts)The U.S. economy gained 243,000 jobs in January, far above expectations. The unemployment rate dropped to 8.3%. CNN
Tx4obama
(36,974 posts)@BreakingNews Breaking News
US employers added 243,000 jobs in January,pushing down unemployment rate to 8.3% - AP
https://twitter.com/BreakingNews/status/165427163229724672
Firebrand Gary
(5,044 posts)jefferson_dem
(32,683 posts)HughBeaumont
(24,461 posts). . . "itz teh extenshin of teh TAX CUTZ whut did it!!"
jefferson_dem
(32,683 posts)Everything in this report is good.
https://twitter.com/ezraklein/statuses/165429309685764096
tjwash
(8,219 posts)young but wise
(869 posts)jpak
(41,761 posts)yup
Scurrilous
(38,687 posts)bighart
(1,565 posts)"In fact, the labor force participation rate fell to 63.7 percent in January from 64 percent in December, the lowest since January 1982, suggesting workers are still leaving the labor force.
A group of workers the Bureau of Labor Statistics labels "not in the labor force" -- because they have not looked for work in more than a month -- but who currently want a job, has risen by 1.66 million since the recession began. However, this number is lower than some economists' estimates. If those 1.66 million workers were added back to the civilian labor force, then the unemployment rate would jump to 9.2 percent."
jefferson_dem
(32,683 posts)I noticed teabagger Rick Santelli, matt drudge, and all the freepers were grasping for their spin... and this seems to be where they landed.
Thanks for posting.
bighart
(1,565 posts)unemployment will be at or below the level it was at when President Obama took office by the time of the election. One less issue to have to contend with.
sufrommich
(22,871 posts)Proud Public Servant
(2,097 posts)Unemployment in January 2009 was 7.8%. If it keeps dropping at the rate of 0.1-0.2%/month (it was 8.5% last month), Obama will be able to run on a lower unemployment rate than when he took office. Fingers crossed!