U.S. Employers stepped up their hiring in January, bringing the unemployment rate down for the fifth month in a row.
Employers added 243,000 jobs in January, the Labor Department reported Friday, marking a pick-up in hiring from December, when the economy added 203,000 jobs. Meanwhile, the unemployment rate fell to 8.3% from 8.5%.
The report was stronger than most economists had expected. But the job market still has a long way to go to fully recover from the financial crisis. The economy still needs to add about 6 million jobs to get back to 2008 employment levels. Ref. CNN
U.S. Employers continued the stronger pace of hiring last month, but the overall job market is not out of the woods yet.
Employers added 227,000 jobs in February, the U.S. Labor Department reported Friday. Meanwhile, the unemployment rate remained at 8.3%.
Economists surveyed earlier by CNNMoney had predicted that 210,000 jobs would be added in the month.
In the last year, the economy has gained about 2 million jobs but still needs about 5.6 million more jobs to return to 2008 levels. Ref. CNN
Businesses hired fewer workers than expected in March, clouding optimism about the strength of the recovery.
Employers added 120,000 jobs, the U.S. Labor Department reported today, marking a slowdown in hiring from recent months when gains topped 200,000.
Meanwhile, the unemployment rate fell to 8.2%. Ref. CNN
Where are the jobs
Mortgage News
Think the economy is recovering because the job market has improved Think again.
The employment report released today is disappointing, at best. The U.S. economy added only 120,000 jobs in March, half of what it added in February, the Labor Department says.
After three months of solid employment gains, the latest report shows the economy isn't growing
Source: Bankrate.com » Mortgages
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