Unemployment Rate Falls in January

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...Full Story
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