Unemployment rate drops to 3-year lowPosted by RJ and Makay on Feb 03, 2012 |
>> Read More RJ & Makay Blog Posts
The nation’s unemployment rate fell to a 3-year low, to 8.3% in January, as non-farm payrolls added 243,000 jobs, the U.S. Labor Department reported today. The monthly job increase was the most since April of last year. The numbers exceeded expectations and were a strong indication that the recovery is spreading to the labor markets.
Private Sector Jobs
The nation’s unemployment rate dipped to 8.5% in December as non-farm payrolls rose by 200,000 last month, the U.S. Labor Department reported today. Private companies added 212,000 jobs while federal, state and local governments shrank by 12,000. The unemployment rate is the lowest since February 2009. November’s rate was revised upward from 8.6% to 8.7%.
The U.S. unemployment rate fell in November to its lowest level in more than two and a half years as private employers stepped up hiring in the slowly improving economy. Non-farm payrolls rose by 120,000, with private companies adding 140,000 jobs while federal, state, and local governments lost 20,000 jobs, according to the Labor Department.








