Obama Recovery Continues - 157,000 Jobs Added In January
While the Right Wing continues to pretend that the United States is on the verge of economic collapse, here in the real world the Obama Recovery which began in the fall of 2009 continues, and appears to be gaining a little traction.
Article excerpt follows:
Economy Added 157,000 Jobs In January, Unemployment To 7.9 Percent
By Pat Garofalo
Feb 1, 2013
According to the latest data from the Bureau of Labor Statistics, the economy added 157,000 jobs in January, with the unemployment rate ticking up slightly to 7.9 percent. Economists expected an increase of 170,000 jobs. The private sector added 166,000 jobs, while the public sector lost another 9,000 jobs.
BLS revised the number of jobs created in November up by 86,000 to 247,000, and December was revised up by 41,000 to 196,000. Due to revisions done to the 2012 numbers, 181,000 jobs per month were created last year, higher than previously thought.
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