Unemployment Rate Falls in January

February 5, 2010

By: Troy McMullen, ABCNews.com

The nation’s employers reduced their payrolls by 20,000 during January, a government report showed, generating fresh anxiety about a labor market that has yet to catch up with growth in the overall economy.

The reduction was slightly worse than the 15,000 jobs economists were expecting. The nation’s unemployment rate — the result of a separate but simultaneously released survey of households — dropped to 9.7 percent from the 10-percent level of a month ago, according to the U.S. Labor Department.

In December, the economy lost 85,000 jobs after gaining 4,000 in November and losing 127,000 in October.

Despite the mixed numbers, a growing chorus of economists and labor market analysts say the unemployment picture in the United States is actually far worse.

To continue reading this article: http://abcnews.go.com/Business/PersonalFinance/unemployment-rate-drops/story?id=9746469

No comments yet - you can be the first!

Leave a Reply

Your email address will not be published. Required fields are marked *

Keep the Fake News Media in check.

Don’t let the MSM censor your news as America becomes Great Again. Over 500,000 Americans receive our daily dose of life, liberty and pursuit of happiness along with Breaking News direct to their inbox—and you can too. Sign up to receive news and views from The 1776Coalition!

We know how important your privacy is and your information is SAFE with us. We’ll never sell
your email address and you can unsubscribe at any time directly from your inbox.
View our full privacy policy.