Editor's note:
What this job report dose not show is the 1.18 M people that have dropped out of the job market.
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Reuters
The economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-year low of 8.3 percent, indicating last quarter's growth carried into early 2012.
Nonfarm payrolls jumped 243,000, the Labor Department said on Friday, the most since April and beating economists' expectations for a gain of only 150,000.
Economists had expected the jobless rate to hold steady at 8.5 percent. The rate has dropped 0.8 percentage point since August.
The decline last month reflected large gains in employment in the separate household survey from which the unemployment rate is derived. Fewer people left the labor force.
What this job report dose not show is the 1.18 M people that have dropped out of the job market.
--------------------------------
Reuters
The economy created jobs at the fastest pace in nine months in January and the unemployment rate dropped to a near three-year low of 8.3 percent, indicating last quarter's growth carried into early 2012.
Nonfarm payrolls jumped 243,000, the Labor Department said on Friday, the most since April and beating economists' expectations for a gain of only 150,000.
Economists had expected the jobless rate to hold steady at 8.5 percent. The rate has dropped 0.8 percentage point since August.
The decline last month reflected large gains in employment in the separate household survey from which the unemployment rate is derived. Fewer people left the labor force.
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