January Jobs Report: Unemployment Rate Up to 7.9 Percent, 157,000 Jobs Added in January

The U.S. economy added 157,000 jobs in January as the unemployment rate ticked up to 7.9 percent from 7.8 percent, according to data from the U.S. Labor Department. "This jobs figure today indicates that the engine of the economy is revving, but the car isn't going anywhere," said Tom di Galoma, managing director at financial services firm Navigate Advisors LLC. Employment numbers for November were revised higher to 247,000 from 161,000. For December, they were also revised higher to 196,000...Full Story
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