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The jobs recovery continued to crawl forward in January, as employers hired 157,000 workers, according to the U.S. Department of Labor.
Job growth at that level is weaker than in December, when employers added 196,000 jobs, and in line with last year's patterns.
Meanwhile, the unemployment rate was 7.9% in January.
The report comes amid conflicting signs about the overall recovery. There has been some strength, most notably in housing, but the economy contracted recently for the first time in more than three years and the debate over government spending continues. Ref. CNN
The U.S. Government said Friday that the economy added 236,000 jobs in February - much stronger than the prior month.
Meanwhile, the unemployment rate fell to 7.7% from 7.9%. A total of 12 million people remain unemployed.
Going forward, it remains to be seen what impact the recent forced budget cuts in Washington will have on the economy. Experts have forecast the cuts will cause a loss of jobs and a slowdown in growth, but for the most part the spending reductions have not yet kicked in. Ref. CNN
Hiring was much slower than expected in March, with the U.S. Economy adding 88,000 jobs. The jobless rate fell to 7.6% from 7.7%, according to a Labor Department report released Friday.
Economists surveyed by CNNMoney were expecting an increase of 190,000 jobs for March. Ref. CNN
Discouraged Americans leaving labor force
An improving economy is supposed to bring people back into the job market.
Source: Yahoo! News - Latest News & Headlines
U.S. Employers continued to add jobs in April, at a pace above forecasts but still relatively slow.
The Labor Department reported Friday that 165,000 jobs were added for the month, and that the unemployment rate fell to 7.5% from 7.6%.
The jobs number is an improvement over March, when employers added 138,000 jobs. But it's hardly impressive at this point in the labor market recovery, which began three years ago. Ref. CNN