January Unemployment Rate Falls to 8.3 Percent as 243,000 Jobs Are Added

The Labor Department said Friday that January unemployment fell to 8.3 percent as employers added 243,000 jobs, a sign that the economy is at long last settling into a stronger recovery. Economists had expected the unemployment rate to tick up slightly to 8.6 percent and jobs would rise by 155,000. The fifth straight monthly decline for unemployment caused a surge in stocks, with the Nasdaq index at an 11-year high and the Dow Jones Industrial Average approaching its highest level since May...Full Story
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