Charles_Main
AR15 Owner
The recovery continues....
NEW YORK (CNNMoney) -- American employers substantially 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%. That is the lowest since February 2009.
Job growth was much stronger than expected. Economists surveyed by CNNMoney had forecast 130,000 jobs added in the month, and that the unemployment rate likely ticked up to 8.6%.
January jobs report: Hiring ramps up, unemployment falls - Feb. 3, 2012
Once ok, but not good enough, and all the signs point to a dip in the world Growth rate and potentially a slight rise in Unemployment before the Election.
Also Notable is that the Gap between the "Real unemployment number" and the 8.3% number they put out. Continues to grow, as people continue to fall off the rolls and no longer get counted as unemployed even though they are.
All in all it's nothing to get all excited about, but Celebrate if you like.
If you think 8.3% after 3 plus years, and 5 Trillion dollars is success, then By all means re-elect Obama.