Unemployment Falls To 6.6 Percent

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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.




 
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