Micro-growth in jobs continued in January

The January jobs report is out and still doesn't offer a lot of encouragement to unemployed, underemployed, and discouraged workers. The rate that includes all classifications of workers held steady at 14.4%. Meanwhile, the "official" unemployment rate rose by one tenth of a percent to 7.9%. Wall Street Journal: Employers added 157,000 jobs last month, the Labor Department said Friday. The unemployment rate, obtained by a separate survey of U.S. households, ticked up one-tenth of a percentage point to 7.9%. Economists surveyed by Dow Jones Newswires expected nonfarm payrolls to rise by 166,000 and that the unemployment rate would hold steady at 7.8% Friday's report offers a mixed view of the labor market. January's data which show job growth decelerating, but revisions to 2012 figures show that employers were adding to payrolls faster than originally thought. For all of last year, the economy added an average of 181,000 jobs a month, according to updated figures, better...(Read Full Post)