Unemployment Falls To 6.6 Percent

By: KKTV/AP
By: KKTV/AP

U.S. employers added 113,000 jobs in January, while the jobless rate fell to 6.6 percent.

That is the lowest unemployment rate in five years, and a slight decrease from December's 6.7 percent. Unlike December's numbers, which were partially influenced by the lower number of Americans looking for work--the government counts people as unemployed only if they are actively job hunting--in January, there were more people looking for jobs.

However, the number of jobs added was far lower than the monthly average of 194,000 in 2013, adding to concerns that improvements to the economy could be slowing. Economists say cold weather is believed to have held back hiring in December, but with construction being one of the areas that added jobs in January, the weather is not believed to have had as large of an impact in that month.

Besides construction, employment grew the most in manufacturing, wholesale trade and mining.


You must be logged in to post comments.

Username:
Password (case sensitive):
Remember Me:
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Copyright © 2002-2016 - Designed by Gray Digital Media - Powered by Clickability 244222451 - kktv.com/a?a=244222451
Gray Television, Inc.