Unemployment numbers continued a downward trend for the fifth straight month, with more jobs added in January than in the eight months prior.
The Labor Department says employers added 243,000 jobs in January, with hiring widespread across many high-paying industries. Unemployment dropped from 8.5 in December to 8.3 in January.
Employers have added an average of 201,000 jobs per month in the past three months. That's 50,000 more jobs per month than the economy averaged in each month last year.
More good news out of January's report: the economy added 200,000 more jobs in 2011 than originally thought. Nearly twice as many jobs were created in 2011 than in 2010.
Not all news was good: 12.8 million people remain out of work, though the number is at the lowest since the recession ended. Eleven million more are underemployed, meaning they work part-time but would prefer full-time, or work in a job with low wages. Underemployment rates did drop slightly in January.
The U.S. still has a long ways to go to reach pre-recession numbers, with about 5.6 million fewer jobs than in late 2007, when the recession began.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.