Quantcast

Job Numbers Mostly Upbeat - Valley News Live - KVLY/KXJB - Fargo/Grand Forks

Job Numbers Mostly Upbeat

Posted: Updated:

The unemployment numbers released Friday Feb 1. show that the mostly upbeat Labor Department report included one discouraging sign.

The unemployment rate rose to 7.9 percent from 7.8 percent in December.

The unemployment rate is calculated from a survey of households, while job gains come from a survey of employers.

U.S. employers added 157,000 jobs in January and hiring was stronger over the past two years than previously thought, providing reassurance that the job market held steady while economic growth sputtered.

The hiring picture over the past two years looked better after the department's annual revisions. Those showed employers added an average of roughly 180,000 jobs per month in 2012 and 2011, up from previous estimates of about 150,000. And hiring was stronger at the end of last year, averaging 200,000 new jobs in the final three months.

Powered by WorldNow
Powered by 

WorldNowAll content © Copyright 2000 - 2014 WorldNow and Valley News Live. All Rights Reserved.
For more information on this site, please read our Privacy Policy and Terms of Service.